111 Chapala St, Santa Barbara, CA, 93101
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 = ~$900/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!
Getting Around
Very Walkable
Some Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Average
- Year built: 1930
Materials
- Foundation: Slab,Raised
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
Features
- Flooring: Vinyl,Carpet,Hardwood
Heating
- Heating features: Wall Furnace
Interior Area
- Total interior livable area: 11,675 sqft
Property
Details
- Parcel number: 033073001
- Zoning: R-4
Features
- Stories: 2
Lot
- Lot size: 0.43 Acres
- Features: Near Public Transit
Parking
- Total spaces: 17
- Parking features: Outside,Carport
- Covered spaces: 6
- Has uncovered spaces: Yes
- Uncovered spaces: 11
- Carport: Yes
- Carport spaces: 6
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Barbara County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $53,093 | $637,116 |
| Home Insurance * | $1,076 | $12,912 |
| Property Taxes | $5,162 | $61,944 |
| Electricity | $2,503 | $30,042 |
| Total | $61,834 | $742,008 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-11-22 | Price change | $10,500,000 |
| 2025-09-17 | Listed for sale | $11,900,000 |
For Sale by Agent
View on Zillow