111 Chapala Street, SANTA BARBARA, CA 93101 (MLS# 25-3487)

111 Chapala Street, SANTA BARBARA, CA 93101

$8,950,000

"La Casa Rosalia" 17 units in West Beach

Property Type: Res Inc Square Footage: 11,675 Lot Size (sq. ft.): 18,730 Status: Active

Current Price: $8,950,000 List Date: 9/17/2025 Last Modified: 9/02/2026

Overview

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!

Listing Details MLS# 25-3487

Location Info

District: 20 - SB/WEST OF STATE
Street #: 111
Street Name: Chapala
Street Suffix: Street
State: CA
Country: US
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: P13
County: Santa Barbara
Parcel Nbr: 033-073-001
Cross Street: Natoma

Contract Info

Price: 8950000
Begin Date: 2025-09-17

Property Information

Number of Units: 17
Stories: 2
Year Built: 1930
Main House SqFt: 11675
Apx # Acres: 0.43
Apx Lot SqFt: 18730
Recurring Fees: No

NeighborhoodSchools

Neighborhood: 20 - West Beach

Remarks

Hot Sheet Comment: price

Owner Info

Deposit: 3

More Information

Miscellaneous

Parking Spaces: 17
# Refrigerators: 17
# Stoves: 16

Unit 1

# Units: Yes
# Bedrooms: 2
# Baths: Yes
# Half Baths: Yes
Furnished: N
Rent: 3608
Monthly Total: 3608

Unit 2

# Units: 11
# Bedrooms: Yes
Rent: 2646
Monthly Total: 29110

Unit 3

# Units: 5
Rent: 1986
Monthly Total: 9931

Meters

Sep Meter Wtr: N
Sep Meter Elec: N
Sep Meter Gas: No

Parking Info

Total # Carport Spaces: 6
Total # Unconvered Spaces: 11

Property Features

Unit 1: M/M Unit 2: M/M Unit 3: M/M Condition: Average Foundation: Slab; Raised Parking Info: Carport; Carport; Outside Proximity: Near Bus; Near Ocean; Near Park(s); Near Shopping Laundry: Laundry Room Heating: Wall Zoning: R-4 Reports Available: Home Inspection; Pest Inspection; Other Terms: Cash; Conventional Listing Type: ER

Documents

Offering Memorandum (without financials) ›

Listing Office: Berkshire Hathaway HomeServices California Properties

Last Updated: September - 02 - 2026

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