$2,300,000
1805 Chapala St
SANTA BARBARA, CA 93101
MLS# 19-316
Status: Pending



1805 Chapala St, SANTA BARBARA, CA 93101
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Property Description
Near to downtown's Theater/Arts District and to Cottage Hospital, this 3-unit furnished compound is a rare and valuable investment with owner-user possibilities. 2 adjoining 1-story cottages have been smartly renovated and are lathered in period charm. One cottage is a hard-to-find legal vacation rental (2-BR), the other is a 2-BR plus detached extra bed/bath across a backyard. Either cottage is perfect for a part-time or full-time owner-user. The 3rd unit is a 1-BR in a separate building above a 2-car garage. Whether for attracting top rents from long-term or short-term tenants, and/or for the personal enjoyment of an owner-user investor, the premiere A+ location, favorable land-use and luxury condition all make for an extraordinary real estate opportunity! OPEN JAN. 31st 12-2pm.

Details
Maps
Location Info
District: 20 - SB/WEST OF STATE
Street #: 1805
Street Name: Chapala
Street Suffix: St
State/Province: CA
Postal Code: 93101
Compass Map: Santa Barbara
Map Grid: N12
County: Santa Barbara
Parcel Number: 027022014
Cross Street: Islay
Contract Info
Current Price: $2,300,000
Price: 2300000
Status: Pending
Status Information
Under Contract Date: 2019-03-20
Property Information
Total #Units: 3
Year Built: 1951
Recurring Fees: No
Neighborhood/Schools
Neighborhood: 15 or 20 - Downtown
Elementary School: Peabody
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: price
Owner Info
Deposit: 3
Miscellaneous
Parking Spaces: 2
# Refrigerators: 3
# Stoves: 3
Unit 1
# Units: 1
# Bedrooms: 2
# Baths: 1
Furnished: Y
Rent: 7300
Monthly Total: 7300
Unit 2
# Units: 1
# Bedrooms: 2
# Baths: 1
Furnished: Y
Rent: 4600
Monthly Total: 4600
Unit 3
# Units: 1
# Bedrooms: 2
# Baths: 1
Furnished: Y
Rent: 2000
Monthly Total: 2000
Income/Expenses
Total Monthly Income: 13900
Annual Income: 166870
Gross Rent Multiplr: 14.95
Meters
Sep Meter Wtr: N
Sep Meter Elec: Y
Sep Meter Gas: Yes
Property Features
Income/Expenses: Actual
Condition: Excellent
Parking Info: Gar #2
Proximity: Near Bus; Near Hospital; Near Park(s); Near Shopping
Flr/Wdw Coverings: Hardwood; Tile
Zoning: R-4
Terms: Cash; Ctnl
Listing Type: ER
Contingent Remarks: HOME INSPECTN; REPORTS

Listing Office: Berkshire Hathaway Home Services California Properties

Last Updated: March - 21 - 2019

1805 Chapala St, SANTA BARBARA, CA 93101 - MLS# 19-316

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Friday 22nd of March 2019 10:11 AM