134 Chapala Street, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - bed, bath
134 Chapala Street
SANTA BARBARA, CA 93101
Property Price
SUMMARY
Analysis of 134 Chapala Street, SANTA BARBARA, CA 93101 is currently available with a list price of $7,550,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the SANTA BARBARA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property was built in 2023, making it virtually brand new. The images confirm a modern, clean aesthetic throughout, with all components appearing new or recently installed. The commercial-grade kitchen features stainless steel surfaces and a high-end Viking range, while the bathrooms are contemporary with tiled finishes and modern fixtures. All aspects, from flooring to amenities, reflect current quality standards with no signs of wear or deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Premier Coastal Location
Situated in the heart of Santa Barbara's waterfront district, offering unparalleled access to State Street, the Funk Zone, and the beach, ensuring high guest demand.
- Established Turn-Key Operation
A fully operating boutique hostel with consistent year-round occupancy and proven income performance, providing immediate cash flow for investors.
- Favorable Zoning & Market Dynamics
Zoned for transient use in a supply-constrained and expanding Santa Barbara tourism market, supporting strong appreciation potential and diverse revenue streams.
CONSRISKS & DEFICIENCIES
- High Acquisition Cost
The significant list price of $7.55 million represents a substantial investment, potentially limiting the pool of prospective buyers.
- Tourism Market Sensitivity
As a hospitality asset, its financial performance is inherently linked to the fluctuating tourism market, making it vulnerable to economic shifts or unforeseen events.
- Niche Business Model
Operating as a 'boutique hostel' caters to a specific traveler demographic, which might narrow its appeal to a broader range of hospitality investors compared to more conventional hotel properties.
About 134 Chapala Street
Rare hospitality investment opportunity in the heart of Santa Barbara's waterfront district. 134 Chapala Street is a fully operating boutique hostel steps from State Street, the Funk Zone, and the beach. Featuring modern accommodations, updated amenities, and consistent year-round occupancy, the property combines prime location with proven income performance. Zoned for transient use and surrounded by high-end hotels, restaurants, and attractions, it offers diverse revenue streams and strong appreciation potential. With Santa Barbara's tourism market continuing to expand, this turn-key asset presents investors a rare opportunity to own a coastal hospitality property in one of California's most supply-constrained and desirable destinations— ideal for stable cash flow, brand growth, or future redevelopment.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 2023
- Lot Size
- 14,810.4 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,470 | 2,228 | 74% |
| Lot Size | 14,810.4 | 8,712 | 96% |
| Price | $7.55M | $2.79M | 96% |
| Price per sq ft | $1.7K | $640 | 87% |
| Built year | 2023 | 1961 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 157 | 211 | 26% |
Pricing History
Listed for Sale
Oct 1, 2025
$7,550,000
Initial Listing
Sold
Oct 21, 2021
$3,750,000
Public Record
Sold
Oct 2, 2013
$2,525,000
Public Record
Sold
Dec 12, 2006
$2,250,000
Public Record