111 Chapala Street

Recognized as one of Santa Barbaras 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. Dont miss a true one-of-a-kind opportunity!