134 Chapala Santa Barbara, CA 93101
West Beach NeighborhoodEstimated payment $16,540/month
Highlights
- Property is near an ocean
- Property is near a park
- Forced Air Heating System
- 0.34 Acre Lot
- Furnished
- Property is in excellent condition
About This Home
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.
24.5% fractional interest available for $2,500,000 (up to 2)
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2023
Lot Details
- 0.34 Acre Lot
- Property is in excellent condition
Home Design
- Slab Foundation
Interior Spaces
- 4,470 Sq Ft Home
- 1-Story Property
- Furnished
Kitchen
- Built-In Oven
- Stove
- Microwave
- Dishwasher
- Disposal
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
- Fire and Smoke Detector
- Fire Sprinkler System
Parking
- 11 Open Parking Spaces
- 11 Parking Spaces
Outdoor Features
- Property is near an ocean
Location
- Property is near a park
- Property is near schools
- Property is near shops
Schools
- Mckinley Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Utilities
- Forced Air Heating System
- 220 Volts
- Cable TV Available
Listing and Financial Details
- Seller Considering Concessions
Community Details
Overview
- 66 Units
- 20 West Beach Subdivision
Building Details
- Gross Income $771,000
- Net Operating Income $394,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $41,307 | $3,979,530 | $1,591,812 | $2,387,718 |
| 2023 | $41,307 | $3,825,000 | $1,530,000 | $2,295,000 |
| 2022 | $39,863 | $3,750,000 | $1,500,000 | $2,250,000 |
| 2021 | $30,310 | $2,859,576 | $2,180,075 | $679,501 |
| 2020 | $29,998 | $2,830,256 | $2,157,722 | $672,534 |
| 2019 | $29,476 | $2,774,762 | $2,115,414 | $659,348 |
| 2018 | $29,326 | $2,745,356 | $2,073,936 | $671,420 |
| 2017 | $28,363 | $2,692,017 | $2,033,271 | $658,746 |
| 2016 | $27,628 | $2,639,723 | $1,993,403 | $646,320 |
| 2015 | $27,067 | $2,575,449 | $1,963,461 | $611,988 |
| 2014 | -- | $2,525,000 | $1,925,000 | $600,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/01/2025 10/01/25 | For Sale | $2,500,000 | -66.9% | $559 / Sq Ft | |
| 10/01/2025 10/01/25 | For Sale | $7,550,000 | +101.3% | $1,689 / Sq Ft | |
| 10/21/2021 10/21/21 | Sold | $3,750,000 | -10.7% | -- | View Prior Sale |
| 05/04/2021 05/04/21 | Pending | -- | -- | -- | |
| 08/20/2019 08/20/19 | For Sale | $4,200,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,750,000 | Fidelity National Title Co | |
| Grant Deed | $2,525,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $2,250,000 | United General Title Ins Co | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Grant Deed | -- | Chicago Title Co | |
| Grant Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,250,000 | Commercial | |
| Previous Owner | $1,900,000 | Commercial | |
| Previous Owner | $1,700,000 | Commercial | |
| Previous Owner | $75,000 | Commercial | |
| Previous Owner | $685,000 | Commercial |
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-3651
APN: 033-074-001
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