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 Features
Bedrooms
Bathrooms
- Total Bathrooms: 0
- Full Bathrooms: 1
Land Info
- Near Public Transit
- Lot Size Acres: 0.66
- Lot Size Square Feet: 28750
Garage and Parking
School Information
- Elementary School: Peabody
- High School: S.B. Sr.
- Middle School: S.B. Jr.
Rental Info
Multi-Unit Info
- Number of Units: 40
- Bedrooms in Unit-1: 1
- Total Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-1: 1
- Half Bathrooms in Unit-1: 0
- Unit-1 Furnished Description: N
- Unit 1 Total Actual Rent: 77051
Other Property Info
- Main House SqFt: 13408
- Source Listing Status: Active
- County: Santa Barbara
- Cross Street: Pedregosa
- Source Property Type: Res Inc
- Area: 20 - SB/WEST OF STATE
- MLS Area Minor: 20 - SB/WEST OF STATE
- Source Neighborhood: 20 - SB/WEST OF STATE
- Parcel Number: 027-022-026
- Zoning: R-3
Building and Construction
- Total Square Feet Living: 13408
- Year Built: 1966
- Property Age: 59
- Property Condition: Excellent, Good