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$10,500,000

  • For Sale
  • Active
  • Multi-Family
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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!

Full Property Details for 111 Chapala St

General

  • Price: $10,500,000
  • HOA FEE: $65,074
  • Status: Active
  • Type: Multi-Family
  • Source: SBAOR
  • MLS ID: 25-3487
  • Updated: 11/22/2025
  • Added to Site: 122 day(s) ago

Interior

  • Flooring: Vinyl, Carpet, Hardwood

Rooms

Other Rooms

  • Laundry: Laundry Room

Parking

  • Carport Spaces: 6
  • Total Spaces: 17
  • Parking Features: Carport, Uncovered

Location

  • Area: 20 - SB/WEST OF STATE
  • County: Santa Barbara
  • Subdivision: 20 - West Beach
  • Cross Streets: Natoma

School Information

  • Elementary School: McKinley
  • Middle School: S.B. Jr.
  • High School: S.B. Sr.

Structural Information

  • Foundation: Slab, Raised
  • Square Feet: 11,675
  • Living Area: 11,675 Sq. Ft.
  • Year Built: 1930
  • Property Condition: Average

Lot Features

  • Lot Size (Acres): 0.43
  • Lot Size (Sq. Ft.): 18,730
  • Lot Size: 18730
  • Lot Features: Near Public Transit
  • Zoning: R-4

Financial Considerations

  • Maint. Fee: $65,074
  • Maint. Fee/Month: $65,074
  • Terms: Cash, Conventional

Disclosures and Reports

  • Reports: Other
  • Property ID: 033-073-001

Listed by Berkshire Hathaway HomeServices California Properties and Hayes Commercial Group

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Listing agents

— 111 Chapala St —

  • Berkshire Hathaway HomeServices California Properties

  • Hayes Commercial Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 111 Chapala St

School District:Santa Barbara Unified School District
NameGradesDistance
McKinley Elementary School, Santa Barbara, CA
350 Loma Alta Drive, Santa Barbara, CA 93109
PK-60.6 mi
La Cumbre Junior High School
2255 Modoc Road, Santa Barbara, CA 93101
7-82.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 111 Chapala St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/22/2025
Price Reduced
$10,500,000
-11.76%
MLS
9/17/2025
Listed
$11,900,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 111 Chapala St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$30,245
2%
$2,860,841
2%
2024
$29,730
2%
$2,804,936
2%
2023
$29,192
2%
$2,750,126
2%
2022
$28,693
2%
$2,696,391
2%
2021
$28,036
1%
$2,643,710
1%
2020
$27,749
2%
$2,616,702
2%
2019
$27,268
1%
$2,555,984
2%
2018
$26,884
3%
$2,505,868
2%
2017
$25,999
3%
$2,456,734
2%
2016
$25,330
1%
$2,408,564
2%
2015
$25,053
2%
$2,372,386
2%
2014
$24,643
—
$2,325,915
—
2013
$24,532
—
$2,325,004
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Berkshire Hathaway HomeServices California Properties and Hayes Commercial Group

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111 Chapala Street, Santa Barbara, CA 93101 (MLS# 25-3487) is a Multi-Family property with 17 units containing 0 bedrooms and 0 full bathrooms. 111 Chapala Street is currently listed for $10,500,000 and was received on September 17, 2025. Want to learn more about 111 Chapala Street? Do you have questions about finding other Multi-Family real estate for sale in West of State? You can browse all West of State real estate or contact a Coldwell Banker agent to request more information.

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