1221 Chapala St
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1221 Chapala St
8,098 SF 100% Leased Office Building Santa Barbara, CA 93101 $4,950,000 ($611/SF) 4.20% Cap Rate
Executive Summary
Downtown Santa Barbara 3 story mixed use trophy building with approximately 7,525/ft of fully leased office/retail/residential space. Located on the 3rd floor is a approx. 1,911 sq/ft 2 bedroom 2 bath penthouse w/roof deck/spa & 360 degree views of Santa Barbara. Located on ground floor 2750sq/ft retail/office space. Second floor 2,864 sq/ft multiple office space with large private deck. Elevator service to all floors. 12 designated parking spaces plus adjacent parking & city parking across the street One block off State St close to the historical theater arts section. across from SB Public Market Vic, Arlington & Granada Theaters. Enjoy restaurants, shops & downtown amenities. A rare & unique offering. Property Website link: .https://www.1221chapala.com/mls/162770561
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$265,000
|
$32.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$265,000
|
$32.72
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $265,000 |
| Annual Per SF | $32.72 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $265,000 |
| Annual Per SF | $32.72 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
8,098 SF
Building Class
B
Year Built
1987
Price
$4,950,000
Price Per SF
$611
Cap Rate
4.20%
NOI
$207,900
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,699 SF
Building FAR
1.09
Land Acres
0.17 AC
Zoning
C2 - C-2 zoning
Parking
13 Spaces (1.61 Spaces per 1,000 SF Leased)
Amenities
- Fireplace
- Kitchen
- Roof Terrace
- Air Conditioning
1 of 1
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 039-172-002 | Improvements Assessment | $1,917,443 (2023) |
| Land Assessment | $1,006,066 (2023) | Total Assessment | $2,923,509 (2023) |
PROPERTY TAXES
Parcel Number
039-172-002
Land Assessment
$1,006,066 (2023)
Improvements Assessment
$1,917,443 (2023)
Total Assessment
$2,923,509 (2023)
-
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1221 Chapala St
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