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ITH Santa Barbara Beach Hostel 134 Chapala St 9 Room Hostel Santa Barbara, CA 93101 $10,539,196 CAD ($1,171,022 CAD/Room) 5.22% Cap Rate
INVESTMENT HIGHLIGHTS
- Ocean hostel
- One block from beach
- Next to restaurants and museums
- 66 Beds (CUP)
- Across from Train Station
- 24.5% fractional interest available for $2,500,000 (up to 2)
EXECUTIVE SUMMARY
Rare hospitality investment opportunity in the heart of Santa Barbara’s waterfront district. 134 Chapala Street is a fully operating boutique hostel steps from State Street, the Funk Zone, and the beach. Featuring modern accommodations, updated amenities, and consistent year-round occupancy, the property combines prime location with proven income performance. Zoned for transient use and surrounded by high-end hotels, restaurants, and attractions, it offers diverse revenue streams and strong appreciation potential. With Santa Barbara’s tourism market continuing to expand, this turn-key asset presents investors a rare opportunity to own a coastal hospitality property in one of California’s most supply-constrained and desirable destinations—ideal for stable cash flow, brand growth, or future redevelopment.
24.5% fractional interest available for $2,500,000 (up to 2)
24.5% fractional interest available for $2,500,000 (up to 2)
PROPERTY FACTS
| Price | $10,539,196 CAD | Lot Size | 0.34 AC |
| Price Per Room | $1,171,022 CAD | Building Size | 4,500 SF |
| Sale Type | Investment | No. Rooms | 9 |
| Cap Rate | 5.22% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1970/2023 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hostel | Parking Ratio | 2.44/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | HRC - Zoning is HRC-2-SD-3; CUP with 66 bed hostel, 2 private rooms. | ||
| Price | $10,539,196 CAD |
| Price Per Room | $1,171,022 CAD |
| Sale Type | Investment |
| Cap Rate | 5.22% |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hostel |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 4,500 SF |
| No. Rooms | 9 |
| No. Stories | 1 |
| Year Built/Renovated | 1970/2023 |
| Tenancy | Single |
| Parking Ratio | 2.44/1,000 SF |
| Corridor | Interior |
| Zoning | HRC - Zoning is HRC-2-SD-3; CUP with 66 bed hostel, 2 private rooms. |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 9 | $272.20 CAD | - |
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 033-074-001 | Improvements Assessment | $3,339,247 CAD |
| Land Assessment | $2,226,165 CAD | Total Assessment | $5,565,412 CAD |
PROPERTY TAXES
Parcel Number
033-074-001
Land Assessment
$2,226,165 CAD
Improvements Assessment
$3,339,247 CAD
Total Assessment
$5,565,412 CAD
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ITH Santa Barbara Beach Hostel | 134 Chapala St
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