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.

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Property Details of 428 Chapala Street

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Listed by Michael Lopus of Colliers International ((805) 680-8806)

Based on information submitted to CRMLS as of October 2, 2026 10:51 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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