104 - 106 Chapala St

Santa Barbara, California 93101

$3,995,000 Beds Baths sq ft MLS# 17-3429

About 104 - 106 Chapala St

Located just one block from West Beach and La Entrada (new 5-Star Hotel Californian), minutes to the heart of Downtown Santa Barbara, the Funk Zone and within close proximity to Stearn's Warf and the Santa Barbara Harbor, the location of this highly sought after investment property is unbeatable!Featuring the charming architecture of the early 1900's, this property at 104 - 106 Chapala and 28 - 30 West Mason Street includes a 5 unit-apartment house, a duplex and a stand-alone bungalow. The total 8 units are comprised of a mix of 5 one-bedroom, one-bath units and 3 studio, one-bath units with excellent rents. Incorporated in some of the units are a small deck, a balcony, and peek a boo ocean views. 6 of the 8 units have been extensively remodeled and furnished, making the units readily available for longer or shorter term rentals.

This is an unparalleled investment opportunity!

Location Description:

100 – 106 Chapala Street and 28 – 30 West Mason Street are situated just one block from West Beach and La Entrada (new, 5-Star Hotel Californian), minutes to the heart of Downtown Santa Barbara, the Funk Zone and within close proximity to Stearn's Warf and the Santa Barbara Harbor. The walk score for this property is 87 and the bike score is 99.

La Entrada (de Santa Barbara) and the newly built 5-star Hotel Californian is also just one block away. This new development includes a luxury 5-star hotel and approximately 20,000 square feet of commercial space with open plazas, and gardens. Also included in the new development is a public parking structure, which includes 137 valet and 116 public parking spaces and 10,353 square feet of commercial space including a visitor center.

Downtown Santa Barbara features world class shopping ranging from major retailers to unique boutique shops; some of the finest restaurants and cafes offering authentic cuisine from across the globe; cultural venues including art galleries, theaters, historic museums and historic architecture.

This property is also located just blocks from the high energy, artist driven Funk Zone: a SoHo like neighborhood where wine makers, chefs and artists now have an official place to showcase their unique talents.

As the rebirth of lower State Street life energy draws locals and tourists to this trending, burgeoning and thriving area, the demand for neighboring rental housing continues to progress.

104 - 106 Chapala St Details

MLS #17-3429
Price$3,995,000
StatusActive
Lot Size6000
Zip Code93101
Area20 - SB/WEST OF STATE
Property TypeResidential%20Multi-Unit
Elementary SchoolOther
Junior High SchoolS.B. Jr.
High SchoolS.B. Sr.

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Listing Courtesy of Berkshire Hathaway Home Services California Properties
All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Village Properties shall be responsible for any typographical errors, misinformation, or misprints. © 2018 Santa Barbara Multiple Listing Service. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market.
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