111 Chapala St

Santa Barbara, CA 93101

$10,500,000
Price
3
Beds
11,675 Sq. Ft.
$899 / Sq. Ft.
11,675
Sq. Ft.
$899
per Sq. Ft.
a view of a yard with plants
an aerial view of multiple house
a view of a house with a street
a front view of a house with a garden
a black and white photo of a room
front view of a house with a garden
front view of house with a palm tree
a front view of a house with garden
a front view of a house with a garden
a living room with furniture a flat screen tv and a large window
a living room with furniture and a flat screen tv
a living room with patio furniture
a living room with furniture a flat screen tv and a large window
a living room with furniture and a dining table with wooden floor
a bedroom with a bed and a chandelier
a front view of a building with garden
a front view of a house with a garden
a front view of a house with a yard
a view of a street with cars
a view of a chairs and a table in the patio
a view of street with lots of flowers and trees
a view of a house with a wooden fence
an aerial view of multiple house
view of city and mountain
a front view of multiple houses with palm trees
a front view of a house with a yard
a view of windows and painted walls

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...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!
  1. Listed by Ken Switzer • DRE #01245644 • Berkshire Hathaway HomeServices California Properties
    P: (805)-680-4622 C: (805)-680-4622 kenswitzer1@yahoo.com
  2. Listed by Liam Murphy • DRE #01439777 • Hayes Commercial Group
    P: (805)-252-3421 liam@hayescommercial.com

Property Details for 111 Chapala Street

MLS Neighborhood
20 - West Beach
Zoning
R-4
Zoning:R-4
Yes
Location Info:Cross Street
Natoma
Property Information:Recurring Fees
No
LISTING UPDATED: 11/22/2025 11:00 AM

Property Details for 111 Chapala Street

StatusActive
MLS #25-3487
Days on Market132
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1930
Lot Size0.43 AC / 18,730 SF
CountySanta Barbara County

Location

Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Ken Switzer, DRE #01245644; Hayes Commercial Group, Liam Murphy, DRE #01439777
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Building Information for 111 Chapala Street

Stories2Residences17Year Built1930Building Size-Lot Size0.43 AC / 18,730 SF

Payment Calculator

$53,695 per month

30 year fixed, 6.15% Interest

Principal and Interest

$51,175

Property Taxes

$2,520

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 111 Chapala Street

Details
Features
  • District: 20 - SB/WEST OF STATE
  • District: 20 - SB/WEST OF STATE
  • FlrWdw Coverings:Carpet: Yes
  • FlrWdw Coverings:Hardwood: Yes
  • FlrWdw Coverings:Vinyl: Yes
  • Laundry Features: Laundry Room
  • Laundry:Laundry Room: Yes
  • Flooring: Vinyl, Carpet, Hardwood
  • Heating/Cooling:Wall: Yes
  • Year Built Numeric: 1930
  • Main House SqFt: 11675.0
  • Stories: 2
  • Property Information:Stories: 2.0
  • Building Area Total: 11675.0
Taxes and HOA Information
  • Parcel Number: 033-073-001
  • Association Fee: $.00
Parking/Garage
  • Total # Carport Spaces: 6.00
  • Open Parking Spaces: 11.00
  • Parking Features: Carport, Uncovered
  • Parking Info:Carport: Yes
  • Parking Info:Uncovered: Yes
  • Parking Info:Total # Unconvered Spaces: 11.00
Miscellaneous
  • Miscellaneous:# Refrigerators: 17.00
  • Miscellaneous:# Stoves: 16.00
  • Miscellaneous:Parking Spaces: 17.00
Room Info
Room Info
  • Total Bathrooms: .00
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
Location Info
Location Info
  • Location Info:Compass Map: Santa Barbara
  • Location Info:Map Grid: P13
  • Proximity:Near Bus: Yes
  • Proximity:Near Ocean: Yes
  • Proximity:Near Park(s): Yes
  • Proximity:Near Shopping: Yes
  • Lot Features: Near Public Transit
Neighborhood/Schools
  • Elementary School: McKinley
  • Junior High School: S.B. Jr.
  • High School: S.B. Sr.
  • NeighborhoodSchools:Elementary School: McKinley
  • NeighborhoodSchools:Junior High School: S.B. Jr.
  • NeighborhoodSchools:High School: S.B. Sr.
Property / Assessor Information
Property / Assessor Info
  • Foundation Details: Slab, Raised
  • Lot Size Square Feet: 18730.0
  • Lot Size Area: 18730.0
  • Lot Size Acres: 0.43
  • Property Type Label: Res Inc
  • New Construction YN: No
  • Foundation:Slab: Yes
  • Foundation:Raised: Yes
  • Condition:Average: Yes
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Year Built: 1930.0
Utility Info
  • Meters:Sep Meter Wtr: N
  • Meters:Sep Meter Elec: N
  • Meters:Sep Meter Gas: No
Income / Expense Info
Income / Expense Info
  • Income/Expenses:Gross Rent Multiplr: 20.46
  • Income/Expenses:Capitalization Rate: 2.27
  • Income/Expenses:Actual: Yes
  • Income/Expenses:Vac Factor: 2%
  • Income/Expenses:Taxes: $111,049.00
  • Income/Expenses:Insurance: $12,714
  • Income/Expenses:Licenses: $996.00
  • Income/Expenses:Water Expense: $28,553
  • Income/Expenses:Electric Expense: $18,447
  • Income/Expenses:Gas Expense: $3,218
  • Income/Expenses:Maintenance Expense: $65,074
  • Income/Expenses:Total Monthly Exp: $22,101
  • Income/Expenses:Total Annual Exp: $265,215.00
  • Income/Expenses:NOI: 238064
  • Income/Expenses:Total Monthly Income: $42,649
  • Income/Expenses:Other Income: $147
  • Income/Expenses:Annual Income: $513,549
  • Gross Income: $513,549
  • Electric Expense: $18,447
  • Insurance Expense: $12,714
  • Licenses Expense: $996
  • Maintenance Expense: $65,074
  • Gas Expense: $3,218
  • Water Expense: $28,553
  • OperatingExpense: $265,215
Unit Info
Unit Info
  • Number Of Units Total: 17
Unit 1 Info
  • Unit 1:# Units: 1
  • Unit 1:# Bedrooms: 2
  • Unit 1:# Baths: 1
  • Unit 1:# Half Baths: 1
  • Unit 1:Rent: $3,608.00
  • Unit 1:M/M: Yes
  • Unit 1:Monthly Total: $3,608.00
Unit 2 Info
  • Unit 2:# Units: 11
  • Unit 2:# Bedrooms: 1
  • Unit 2:Rent: $2,646.00
  • Unit 2:M/M: Yes
  • Unit 2:Monthly Total: $29,110.00
Unit 3 Info
  • Unit 3:# Units: 5
  • Unit 3:# Bedrooms: $.00
  • Unit 3:Rent: $1,986.00
  • Unit 3:M/M: Yes
  • Unit 3:Monthly Total: $9,931.00
Rental
Rental Information
  • Total Actual Rent: $42,649

Property History for 111 Chapala Street

DateEvent & SourcePriceAppreciation
Nov 22, 2025

Price Change

Santa Barbara AOR #25-3487

$10,500,000—
Sep 16, 2025

Listed (Active)

Santa Barbara AOR #25-3487

$11,900,000—
DateEvent & SourcePrice
11/22/2025

Price Change

Santa Barbara AOR #25-3487

$10,500,000
09/16/2025

Listed (Active)

Santa Barbara AOR #25-3487

$11,900,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 111 Chapala Street

Taxable ValueLand$927,370Additions$1,933,471Total$2,860,841
Tax Record2025$30,245 ($2,520 / month)
Home Facts
Total Finished SqFt11,933 SqFtAbove Grade Finished SqFt11,933 SqFtLot Size18,730 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN033-073-002

Schools near 111 Chapala Street

This home is within Santa Barbara Unified School District.
Rating
School
Type
Grades
Distance
McKinley Elementary School
Public - K to 6
La Cumbre Junior High School
Public - 7 to 8
La Cuesta Continuation High School
Public - 9 to 12
Alta Vista Alternative High School
Public - 7 to 8
Rating
School
Distance
McKinley Elementary School
PublicK to 6

La Cumbre Junior High School
Public7 to 8

La Cuesta Continuation High School
Public9 to 12

Alta Vista Alternative High School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 111 Chapala Street, Santa Barbara, CA 93101

111 Chapala Street is a multi-family home for sale in Santa Barbara, CA 93101. This property was listed for sale on September 17, 2025 by Berkshire Hathaway HomeServices California Properties, it's currently listed at $10,500,000. This listing's school district is Santa Barbara Unified School District. Nearby schools include McKinley Elementary School, La Cumbre Junior High School and La Cuesta Continuation High School. 111 Chapala Street is a 3-bed, 2-bath, 11,675 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices California Properties, Ken Switzer, DRE #01245644; Hayes Commercial Group, Liam Murphy, DRE #01439777

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.