1236 Chapala StSanta Barbara, CA 93101

Property Details for 1236 Chapala St

Lot size

0.16 AC

Property type

Office properties

Property subtype

Other office properties

APN

039-630-001

APU

39630001

Description

This exceptional 5,437-square-foot single-tenant space occupies the entire ground floor of a unique downtown Santa Barbara building at 1236 Chapala St, near W Victoria St. Its adaptable open floor plan lends itself to diverse uses, including fitness centers, storage facilities, or tech offices. The property's versatility is further enhanced by existing amenities suitable for a traditional office setting. A soundproof spin room is available should the new tenant desire to retain this feature. The building's prime location offers unparalleled convenience, situated directly across from the Santa Barbara Public Market and adjacent to a city parking lot, ensuring easy access for employees and clients. While this is a multi-tenant building with offices on upper floors, the building management prioritizes quiet, low-impact tenants to maintain a peaceful environment. The property is classified as Office and Retail, with a Creative Office and Storage subtype. This presents a rare opportunity to secure a substantial, adaptable space in a vibrant and desirable downtown location. The property's address is 1236 Chapala St, Santa Barbara, CA 93101.

• CAP approach

  CAP return

  Valuation

  6%

  $2,122,804

  6.5%

  $1,959,511

  7%

  $1,819,546

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,353,178

  Geo Method

  $1,353,178

• Alternative Use

  Use

  Valuation

  Residential

  $2,429,794

  Hospitality

  $2,225,678

  Educational

  $1,851,738

  Medical

  $1,915,422

  Retail

  $2,880,482

Location Insight

City

Santa Barbara

County

Santa Barbara

State

California

Latitude

34.4232

Longitude

-119.707

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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