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$2,750,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 0.37 Acres
  • Updated 1 day ago
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428 Chapala St. is a ±3,020 SF freestanding commercial building on a ±16,117 SF parcel in downtown Santa Barbara, offered at $2,750,000. Currently a fully built-out restaurant with 30+ parking spaces and a ±480 SF basement, the property is occupied month-to-month, providing income with immediate flexibility for owner-user occupancy or redevelopment. Recent upgrades include ADA improvements, restrooms, building systems, and interior finishes, creating a turnkey commercial kitchen. A rare opportunity for restaurateurs, owner-users, or investors in one of the strongest Central Coast corridors.

Full Property Details for 428 Chapala St

General

  • Price: $2,750,000
  • Status: Active
  • Type: Commercial
  • Source: SBAOR
  • MLS ID: 26-3137
  • Updated: 9/17/2026
  • Added to Site: 2 day(s) ago

Location

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

Lot Features

  • Lot Size (Acres): 0.37
  • Lot Size (Sq. Ft.): 16,117.2
  • Lot Size: .37
  • Zoning: C-M

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Property ID: 037-211-026

Listed by Colliers International Greater Los Angeles, Inc.

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Listing agent

— 428 Chapala St —

  • Colliers International Greater Los Angeles, Inc.

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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 428 Chapala St

School District:Santa Barbara Unified School District
NameGradesDistance
Monroe Elementary School, Santa Barbara, CA
431 Flora Vista Drive, Santa Barbara, CA 93109
K-62.1 mi
La Cumbre Junior High School
2255 Modoc Road, Santa Barbara, CA 93101
7-81.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 428 Chapala St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/17/2026
Listed
$2,750,000
12.7%
MLS
6/04/2020
Sold
$2,440,000
—
Public Record
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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 428 Chapala St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$32,448
2%
$2,721,862
2%
2024
$31,965
—
$2,668,493
2%
2024
$31,965
17%
$2,616,170
2%
2023
$27,244
2%
$2,564,873
2%
2022
$26,776
2%
$2,514,583
2%
2021
$26,161
75%
$2,465,278
75%
2020
$14,966
2%
$1,407,026
2%
2019
$14,705
1%
$1,379,438
2%
2018
$14,497
3%
$1,352,391
2%
2017
$14,018
2%
$1,325,874
2%
2016
$13,700
1%
$1,299,878
2%
2015
$13,549
2%
$1,280,354
2%
2014
$13,328
—
$1,255,274
—
2013
$13,267
—
$1,249,602
—
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 Colliers International Greater Los Angeles, Inc.

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428 Chapala Street, Santa Barbara, CA 93101 (MLS# 26-3137) is a Commercial property. 428 Chapala Street is currently listed for $2,750,000 and was received on September 17, 2026. Want to learn more about 428 Chapala Street? Do you have questions about finding other Commercial 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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