1221 Chapala st, Santa Barbara, CA 93101
Active
$4,750,000
4%
3 Units
2 Beds
6 Baths
7,525 Area(sq.ft.)
Lot: 7,405 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 2 | No | $ 7,558 | $ 7,558 | $ 7,558 |
| Unit 2 | 1 | studio | 2 | No | $ 7,557 | $ 7,557 | $ 7,557 |
| Unit 3 | 1 | 2 | 2 | No | $ 6,950 | $ 6,950 | $ 6,950 |
| 3 | 2 | 6 | $ 22,065 | $ 22,065 | $ 22,065 |
| MLS #: | 24-455641 |
| Days On Market: | 409 |
| Listing Date: | October 23, 2024 |
| County: | Santa Barbara |
| Property Type: | Residential Income |
| Price per ft2: | $ 631 |
| Price per unit: | $ 1,583,333 |
| Year Built: | 1987 |
Property Details
Downtown Santa Barbara, mixed use Spanish Style building with 5614 sq feet of rented office/commercial space with a new buildout, high ceilings, open floor plan, and private office spaces. An additional 1911 sq foot, plus large deck space, Spanish Style residential penthouse with 2 bedrooms, 2 baths, full kitchen, and roof deck and 360 views of Santa Barbara. Located on Chapala and Victoria, 1 block off State Street and close to all restaurants, shops, and downtown amenities. A rare offering, trophy investment property in the California Riviera.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 265,000 |
| Total Annual Expense: | $ 61,732 |
| Net Operating Income: | $ 61,732 |
| Gross Annual Income: | $ 265,000 |
| Cap Rate: | 4.11% |
| Gross Rent Multiplier: | 18.68 |
| Actual Gross Rent: | $ 265,000 |
Structure
| Type of Units: | Mixed Use |
| Buildings: | 1 |
| Levels: | Three Or More |
| Style: | Spanish |
| View Description: | City, Ocean, Mountains |
Land & Parking
| Zoning: | C-2 |
| Parking Garage: | Assigned, Covered Parking |
| Total Parking: | 12 |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Elevator |
| Heating: | Central |
Exterior
| Pool: | No |
| Roof: | Clay |
| Spa: | True |
| Spa Description: | Hot Tub |
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