111 Chapala Street, Santa Barbara, CA 93101
- $10,500,000
- 11,675
- SqFt
- List Price
- $10,500,000
- Status
- ACTIVE
- MLS#
- 25-3487
- Price Change
- ▼ $1,400,000 1763860006
- Living Area
- 11,675
- Lot Size
- 18,730
- Region
- SB/WEST OF STATE
- Year Built
- 1930
Property Description
Recognized as one of Santa Barbara's most iconic and cherished apartment properties, La Casa Rosalia is for sale for the 1st time in nearly 40 years. In a premium West Beach location 1.5 blocks to the waterfront and 1 block to State Street, the property is a crowning example of local Spanish Colonial architecture at its peak era, designed in 1930 by E. Keith Lockard. Today the 17 total units in 3 buildings are ready for the generational investor to claim a trophy property with an unmatched long-term upside potential, plus possible Mills Act tax benefits and R-4/Coastal zoning. The 11,675+/-SF measured gross living area = ~$900/SF, perhaps half of the market value for the area of a future renovated complex. Unbranded OM available in Documents. Don't miss a true one-of-a-kind opportunity!
/u.realgeeks.media/ccs/output-onlinepngtools_-_2025-10-01T101151.896.png)
Additional Information
- Elementary School
- McKinley
- Middle School
- S.B. Jr.
- High School
- S.B. Sr.
- Acres
- 0.43
- Capitalization Rate
- 2.27
- Foundation
- Slab, Raised
- Gross Rent Multiplier
- 20.46
- Laundry
- Laundry Room
- Living Area
- 11,675
- Lot Size
- 18,730
- Neighborhood
- West Beach
- Other Income
- 147
- Parking Garage
- Carport, Outside
- Region
- SB/WEST OF STATE
- Taxes
- $111,049
- Terms
- Cash, Conventional
- Units
- 17
- Zoning
- R-4
Mortgage Calculator
Listing courtesy of Berkshire Hathaway HomeServices California Properties.