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Pending
- Listed price
- $2,750,000
- Listed Sep 17, 2026
- Last sold price
- No recorded sale
000|22 MLS days on market
428 Chapala St, Santa Barbara, CA 93101
Property Description
428 Chapala St. is a +/-3,020 SF freestanding commercial building on a +/-16,117 SF parcel (0.37 AC) in the heart of downtown Santa Barbara, offered at $2,750,000. Operating today as a fully functional restaurant and formerly home to Sevilla, the property pairs 30 plus on site parking spaces with a +/-480 SF basement, making it an exceptionally rare downtown asset. It is occupied on a month to month basis and available on short notice for owner user occupancy or redevelopment.The building has been significantly upgraded in recent years, including restrooms, ADA work, building systems, and interior finishes, and is improved as a turnkey commercial kitchen. The month to month tenancy delivers income in place today with the flexibility to take occupancy or reposition on short notice. An owner user or restaurant operator can step into a fully built out, revenue generating F&B asset with an established dining pedigree, while an investor holds a leased property in one of the strongest corridors on the Central Coast.
Listing agent: Michael LopusDRE #01970736mike.lopus@colliers.com, Listing office: Colliers International
MLS data updated 10/31/2026, 3:01:42 AM PT
Source: CRMLSMLS #: V1-38796
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Latest asking price$2,750,000
Sep 17, 2026
Available records12026
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,750,000Original asking price · Sep 17, 2026ZIP 93101 · Sep 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 1 price recordsSep 17, 2026 – Sep 17, 2026
ZIP 93101 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.