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$4,750,000

  • For Sale
  • Under Contract
  • Multi-Family
  • 2 Total Beds
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Downtown Santa Barbara, mixed use Spanish Style building with 5614 sq feet of rented office/commercial space with a new buildout, high ceilings, open floor plan, and private office spaces. An additional 1911 sq foot, plus large deck space, Spanish Style residential penthouse with 2 bedrooms, 2 baths, full kitchen, and roof deck and 360 views of Santa Barbara. Located on Chapala and Victoria, 1 block off State Street and close to all restaurants, shops, and downtown amenities. A rare offering, trophy investment property in the California Riviera.

Full Property Details for 1221 Chapala St

General

  • Price: $4,750,000
  • Status: Under Contract
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 24-455641
  • Updated: 9/16/2025
  • Added to Site: 450 day(s) ago

Interior

  • Flooring: Stained Concrete, Hardwood, Stone Tile

Rooms

Bathrooms

  • Total Bathrooms: 6

Bedrooms

  • Total Bedrooms: 2

Additional Information

  • Pool Description: None
  • Spa: Yes
  • Spa Description: Hot Tub
  • Other Features: None

Parking

  • Covered Spaces: 2
  • Garage Description: Assigned, Covered Parking

Location

  • Area: Santa Barbara
  • County: Santa Barbara
  • Driving Directions: Chapala Street and W Victoria Street

Heating & Cooling

  • Cooling Type: Air Conditioning
  • Heating Type: Central

Utilities

  • Trash: 1236

Structural Information

  • # Buildings: 1
  • Architectural Style: Spanish
  • Roof: Clay
  • Disability Access: Handicap Access
  • Stories/Levels: 3
  • Square Feet: 7,525
  • Sq. Ft. Source: Appraiser
  • Year Built: 1987
  • Year Built Source: Appraiser

Unit Information

  • Units in Complex: 3
  • Unit Type: 2106, 2107, 2108

Unit 1

  • Total Bathrooms: 2

Unit 2

  • Total Bathrooms: 2

Unit 3

  • Total Bathrooms: 2
  • Bedrooms: 2

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: City, Ocean, Mountains
  • Lot Size (Acres): 0.17
  • Lot Size: 7405
  • Lot Size Source: Vendor Enhanced
  • Lot Dimensions: 32 x 228
  • Zoning: C-2

Financial Considerations

  • Price Per Sq. Ft.: $631.23
  • Insurance Fee: $4,646
  • Assessment Year: 1987
  • Pays Electric: 11000
  • Pays Trash: 1236

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 039-172-002

Listed by The Agency, Robert Sandefer

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Listing agent

— 1221 Chapala St —

  • Robert Sandefer

    The Agency

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1221 Chapala St

School District:Santa Barbara Unified School District
NameGradesDistance
Santa Barbara Junior High School
721 East Cota Street, Santa Barbara, CA 93103
7-81.1 mi
Santa Barbara Senior High School
700 East Anapamu Street, Santa Barbara, CA 93103
9-120.8 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 1221 Chapala St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/01/2025
Price Reduced
$4,750,000
-4.04%
MLS
10/23/2024
Listed
$4,950,000
100%
MLS
1/03/2013
Sold
$2,475,000
—
Public Record
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 1221 Chapala St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$32,133
2%
$3,041,616
2%
2024
$31,584
2%
$2,981,978
2%
2023
$31,011
2%
$2,923,509
2%
2022
$30,479
2%
$2,866,187
2%
2021
$29,781
1%
$2,809,988
1%
2020
$29,474
2%
$2,781,176
2%
2019
$28,961
1%
$2,726,644
2%
2018
$28,552
3%
$2,673,181
2%
2017
$27,609
3%
$2,620,767
2%
2016
$26,891
1%
$2,569,380
2%
2015
$26,596
2%
$2,530,787
2%
2014
$26,158
—
$2,481,213
—
2013
$26,093
—
$2,475,000
—
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.

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NMLS#: 1598647

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Listed by The Agency, Robert Sandefer

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1221 Chapala St, Santa Barbara, CA 93101 (MLS# 24-455641) is a Multi-Family property with units containing 2 bedrooms and 0 full bathrooms. 1221 Chapala St is currently listed for $4,750,000 and was received on October 23, 2024. Want to learn more about 1221 Chapala St? Do you have questions about finding other Multi-Family real estate for sale in Santa Barbara? You can browse all Santa Barbara real estate or contact a Coldwell Banker agent to request more information.

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