1825 Chapala St Santa Barbara, CA 93101
Oak Park NeighborhoodEstimated payment $80,733/month
Highlights
- Property is near an ocean
- 0.66 Acre Lot
- Property is in excellent condition
- Santa Barbara Senior High School Rated A-
- Property is near public transit
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1966
Lot Details
- 0.66 Acre Lot
- Property is in excellent condition
Home Design
- 13,408 Sq Ft Home
Parking
- 33 Open Parking Spaces
- 33 Parking Spaces
Outdoor Features
- Property is near an ocean
Location
- Property is near public transit
- Property near a hospital
- Property is near schools
- Property is near a bus stop
Schools
- Peabody Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Listing and Financial Details
- Assessor Parcel Number 027-022-026
Community Details
Overview
- 40 Units
Building Details
- New Taxes Expense $136,852
- Gross Income $924,612
- Net Operating Income $610,215
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/29/2025 10/29/25 | For Sale | $12,950,000 | 0.0% | $966 / Sq Ft |
| 03/05/2025 03/05/25 | Off Market | $2,140 | -- | -- |
| 02/10/2025 02/10/25 | For Rent | $2,140 | -- | -- |
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-3981
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