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$ 10,500,000
Est. payment /mo
Active
111 Chapala ST Street Santa Barbara, CA 93101
11,675 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,675 sqft
Price per Sqft $899
Subdivision 20 - West Beach
MLS Listing ID 25-3487
Year Built 1930
Lot Size 0.430 Acres
Acres 0.43
Lot Dimensions 18730.0
Source Santa Barbara Multiple Listing Service
Property 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 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!
Location
State CA
County Santa Barbara
Community 20 - West Beach
Interior
Laundry Laundry Room
Exterior
Parking Features Carport, Uncovered
Building
Lot Description Near Public Transit
Foundation Slab, Raised
New Construction No
Others
Tax ID 033-073-001
Acceptable Financing Cash, Ctnl
Listing Terms Cash, Ctnl
Listed by Berkshire Hathaway HomeServices California Properties
