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543 1/2 Arroyo Avenue, SANTA BARBARA, CA 93109

$4,195,000
Property Type: Res Inc Square Footage: 4,217 Lot Size (sq. ft.): 55,321 Status: Active
Current Price: $4,195,000 List Date: 6/01/2026 Last Modified: 6/01/2026

Overview

Description

FULLY LEASED for 26/27 AY, with over $60k in capital improvements since July 2025. View Matterport 3D tour here: https://my.matterport.com/show/?m=eRxPZ2jsDS2 Currently operating as premium student housing, Arroyo House serves students from SBCC, UCSB, and Westmont College. This exceptional property features 10 fully furnished rooms with 26 total beds, currently configured as (3) Doubles, (5) Triples, (1) Quad, and (1) Single. Each unit has been tastefully upgraded with high-end furniture and modern finishes, offering a comfortable and stylish living environment...

Supplements: ...Outdoor amenities include new landscaping, a volleyball court, and ample private parking -- enhancing both tenant experience and long-term value. Additionally, the solar system is fully paid off, and a 400-amp commercial-grade electrical panel has been added. The property has seen approximately $60,000 in capital improvements since July 2025, i ...

Listing Details MLS# 26-1823

Location Info

District
20 - SB/WEST OF STATE
Street #
543 1/2
Street Name
Arroyo
Street Suffix
Avenue
State
CA
Country
US
Postal Code
93109
County
Santa Barbara
Parcel Number
035-040-036
Cross Street
Isleta

Contract Info

Price
4195000
Begin Date
2026-06-01

Property Information

Number of Units
10
Year Built
1989
Main House SqFt
4217
Apx # Acres
1.27
Recurring Fees
No

Remarks

Hot Sheet Comment
new

Owner Info

Deposit
3

Unit 1

# Units
Yes
# Bedrooms
10
# Baths
6
# Half Baths
Yes
Rent
36225
Monthly Total
36225

More Information

Parking Info

Total # Unconvered Spaces
14

Neighborhood/Schools

Elementary School
McKinley
Junior High School
LaCumbre
High School
San Marcos

Laundry

In Unit
Yes

Income/Expenses

Total Monthly Income
36225
Annual Income
434700
Gross Rent Multiplr
9.65
Capitalization Rate
6.45
Total Annual Exp
130761
NOI
270498

Zoning

E-1
Yes
RS-15
Yes

Terms

Cash
Yes
Conventional
Yes

Listing Type

ER
Yes

Property Features

Laundry: In Unit Zoning: RS-15; E-1 Terms: Cash; Conventional Listing Type: ER
IDX
Listing Office: Radius Group Commercial R.E.
Last Updated: June - 01 - 2026
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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