1825 Chapala, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 0 bed, 0 bath
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SANTA BARBARA, CA 93101
Analysis of 1825 Chapala, SANTA BARBARA, CA 93101 is currently available with a list price of $12,495,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Property is move-in ready.
The property is exceptionally well-maintained for its 1966 vintage, featuring significant recent capital improvements including new roofs (2023) and resurfaced parking (2025). While the infrastructure is older, many units have been updated with modern finishes such as quartz countertops, new cabinetry, and LVP flooring, meeting the criteria for a move-in ready property with well-maintained major systems.
Situated in the highly desirable Oak Park neighborhood, the property is just blocks from Cottage Hospital and State Street, ensuring consistent high demand and low vacancy rates.
Significant recent upgrades, including new roofs installed in 2023 and resurfaced parking in 2025, reduce immediate deferred maintenance costs for a new investor.
With several units already renovated with quartz counters and LVP flooring, there is a clear path to increasing the remaining rent roll through continued interior modernization.
At approximately 300-330 square feet, the junior one-bedroom units are quite small, which may limit the tenant profile and lead to higher turnover compared to larger units.
Built in 1966, the property may require ongoing attention to original plumbing, electrical, or mechanical systems typical of mid-century construction.
A high-density complex of 40 small units typically requires more intensive property management and frequent leasing activity than a building with fewer, larger units.
1st time on the market in decades! 1825 Chapala Street is a 40unit multifamily property in Santa Barbara's desirable Oak Park neighborhood. Ideally located just blocks from Cottage Hospital, State Street, shopping, dining, and entertainment, it offers residents exceptional convenience in a quiet residential setting. The property includes three well-maintained buildings with junior 1BD/1BA units, approx. 300-330 SF, featuring open layouts, full kitchens, and private baths; several units have patios or fenced yards. Many have been updated with quartz counters, new cabinets, LVP flooring, and newer windows. Recent upgrades include new roofs (2023) and resurfaced/re-striped parking (2025). With strong income, rent upside, and a prime location, 1825 Chapala is a standout value add opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 13,408 | 2,708 | 94% |
| Lot Size | 28,750 | 10,890 | 94% |
| Price | $12.49M | $2.79M | 94% |
| Price per sq ft | $932 | $608 | 59% |
| Built year | 1966 | 1961 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 175 | 232 | 35% |
Oct 29, 2025
$12,495,000
Initial Listing