543 1/2 Arroyo Avenue, SANTA BARBARA, CA 93109
Overview
Description
Supplements: ... (Read more) ...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, including a brand-new sewage tank with high-capacity ejection pumps. This upgrade is expected to extend pump life from roughly 2 years to 8-10 years, eliminating what had historically been the property's most recurring maintenance burden. Whether you're looking for a cash-flowing asset or a unique student housing opportunity, Arroyo House checks all the boxes. This large single-family residence offers a high-occupancy dwelling ideal for use as a sober living home, recovery housing, transitional housing, supportive housing, group home, or other structured living environment, with flexibility for shared supportive residence, community-based housing, co-living property, shared housing, or room-by-room rental opportunities.
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
