1221 Chapala Street Santa Barbara, CA ^$ 4,750,000

1221 Chapala Street

^$ 4,750,000

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1221 Chapala Street

Santa Barbara, CA, 93101

^$ 4,750,000

Bedrooms2 Baths2.0 Sq 7,525

Monthly Estimate*

^$ 29,634

Listed by The Agency

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Multi-Family Home for sale in Santa Barbara, CA

for $4,750,000 with 2 bedrooms and 2 full baths. This 7,525 square foot home was built in 1987 on a lot size of 0.17.

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.

Multi-Family Contingent

Price

^$ 4,750,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.17

Year Built

1987

Town/City

Santa Barbara

County/Region

Santa Barbara

MLS | Web ID

24455641

Days on Market

420

Features

General

Living Area 7525

Heating Central

Zoning C-2

Architectural Style Spanish

Pool Features None

Year Built 1987

View City Lights Mountain(s) Ocean

Levels Three Or More

Gross Income 265000

County Santa Barbara

Net Operating Income 61732

Insurance Expense 4646

New Construction 0

Property Type Residential Income

HOA 0

Full Baths 0

Special Listing Conditions Standard

Status Active Under Contract

Directions Chapala Street and W Victoria Street

City Santa Barbara

Senior Community Y/N 0

Open Parking Spaces 10

Number Of Units Total 3

MLS Area VC81 - Santa Barbara

Lot Size Units Square Feet

Lot Size Square Feet 7405

Electric Expense 11000

Trash Expense 1236

Water Sewer Expense 3000

Standard Status Active Under Contract

Year Built Source Appraiser

Taxes 31020

Cap Rate 4.11

Interior

Flooring Wood

Total Stories 3

Heating Y/N 1

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 2

Total Baths 6

Exterior

Parking Features Assigned Covered

Total Parking 12

Lot Size Area 7405

Number of Buildings 1

Spa 1

Building Area Total 7525

Lot Dimensions 32 x 228

Lot Size Acres 0.17

Private Pool 0

* Excluded Features

List By

The Agency

Broker

Robert.Sandefer@TheAgencyRE.com

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$29,634

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Monthly Principal & Interest: $29,634
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Santa Barbara, CA

Average List Price ^$4,541,911

Percent of Sale Price 4%

About Santa Barbara, CA

90,478 Population

-2% Since 2002

^$73,259 Median Income

38.49 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$4,750,000		Listed Price

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1221 Chapala Street, Santa Barbara, CA, 93101 is a Multi-Family Home for sale at $4,750,000 with 7,525 sqft and a lot size of 0.17. 1221 Chapala Street has 2 bedrooms, 2.0 baths, and was built in 1987. The property's zip code is 93101 which is in Santa Barbara, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/17/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1221 Chapala Street

Multi-Family Home for sale in Santa Barbara, CA

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