111 Chapala Street, SANTA BARBARA, CA 93101

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
111 Chapala Street,SANTA BARBARA, CA 93101
$11,900,000
  • - Beds
  • - Baths
  • 11,675 sq. ft.
  • Multi-family
  • Active
Listed by:ken switzer
Office:berkshire hathaway homeservices california properties
MLS#:25-3487
Source:SBAOR

Price summary

  • Price:$11,900,000
  • Price per sq. ft.:$1,019.27

About this home

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 = ~$1,000/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!

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Home facts

  • Year built:1930
  • Listing ID #:25-3487
  • Added:1 day(s) ago
  • Updated:September 17, 2025 at 08:54 PM

Rooms and interior

  • Living area:11,675 sq. ft.

Structure and exterior

  • Year built:1930
  • Building area:11,675 sq. ft.
  • Lot area:0.43 Acres

Schools

  • High school:S.B. Sr.
  • Middle school:S.B. Jr.
  • Elementary school:McKinley

Finances and disclosures

  • Price:$11,900,000
  • Price per sq. ft.:$1,019.27
Based on information from the Santa Barbara MLS as of September 17, 2025 Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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