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$12,495,000

  • For Sale
  • Active
  • Multi-Family
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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.

Full Property Details for 1825 Chapala

General

  • Price: $12,495,000
  • Status: Active
  • Type: Multi-Family
  • Source: SBAOR
  • MLS ID: 25-3981
  • Updated: 11/21/2025
  • Added to Site: 80 day(s) ago

Location

  • Area: 20 - SB/WEST OF STATE
  • County: Santa Barbara
  • Cross Streets: Pedregosa

School Information

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

Structural Information

  • Square Feet: 13,408
  • Living Area: 13,408 Sq. Ft.
  • Year Built: 1966
  • Property Condition: Excellent, Good

Lot Features

  • Lot Size (Acres): 0.66
  • Lot Size (Sq. Ft.): 28,750
  • Lot Size: 28750
  • Lot Features: Near Public Transit
  • Zoning: R-3

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Property ID: 027-022-026

Listed by Radius Group Commercial R.E.

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Listing agent

— 1825 Chapala —

  • Radius Group Commercial R.E.

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 1825 Chapala

School District:Santa Barbara Unified School District
NameGradesDistance
Santa Barbara Junior High School
721 East Cota Street, Santa Barbara, CA 93103
7-81.5 mi
Santa Barbara Senior High School
700 East Anapamu Street, Santa Barbara, CA 93103
9-121.1 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 1825 Chapala Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/21/2025
Price Reduced
$12,495,000
-3.51%
MLS
10/29/2025
Listed
$12,950,000
—
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 1825 Chapala

Year
Property Taxes
Change
Tax Assessment
Change
2025
$54,286
2%
$5,138,159
2%
2024
$53,362
2%
$5,037,804
2%
2023
$52,399
2%
$4,939,417
2%
2022
$51,503
2%
$4,842,959
2%
2021
$50,327
1%
$4,748,392
1%
2020
$49,811
2%
$4,699,909
2%
2019
$48,948
1%
$4,588,147
2%
2018
$48,260
3%
$4,498,184
2%
2017
$46,671
3%
$4,409,986
2%
2016
$45,397
1%
$4,323,517
2%
2015
$44,902
2%
$4,258,575
2%
2014
$44,166
—
$4,175,156
—
2013
$43,967
—
$4,176,288
—
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

Get Pre-Approved

Listed by Radius Group Commercial R.E.

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1825 Chapala, Santa Barbara, CA 93101 (MLS# 25-3981) is a Multi-Family property with 40 units containing 0 bedrooms and 0 full bathrooms. 1825 Chapala is currently listed for $12,495,000 and was received on October 29, 2025. Want to learn more about 1825 Chapala? 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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