134 Chapala St - Hospitality FOR SALE


Santa Barbara, CA 93101- Lower State
$9,500,000 USD
805-895-7309
134 Chapala St, Santa Barbara, CA for Sale
$9,500,000 USD
Hospitality - FOR SALE
1/32
null | 3.6% Cap Rate

134 Chapala St
Santa Barbara, CA 93101
Lower State


HIGHLIGHTS

  • Ocean hostel
  • 66 Beds (CUP)
  • One block from beach
  • Across from Train Station
  • Next to restaurants and museums

OVERVIEW

This Santa Barbara beach hostel located in the most desirable zone between the Pacific Ocean and the train station; directly behind the MOXI children's museum, hotels, and downtown restaurants; bordered by a creek and offering an exceptional opportunity to operate a traveler's hostel with 66 beds including some private suites; this is a once in a lifetime iconic property. Value add opportunities include creating additional private suites, installing car charging technology, and patterning with local restaurants or caterers to facilitate meal services. Currently operating profitably, there are endless possibilities to improve this amazing property. Onsite kitchen, dining room, and game room, plus outdoor sunning and grills.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$2,111 USD /SF

# OF ROOMS

9

PRICE/ROOM

$1,055,556 {currency}

CAP RATE

3.6%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ITH Santa Barbara Beach Hostel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

HRC

APN/PARCEL ID

033-074-001

ASK ABOUT THIS PROPERTY

John ThyneGoodwin & Thyne PropertiesMore Info
805-895-7309

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John ThyneGoodwin & Thyne PropertiesMore Info
805-895-7309

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.