Amy Abbott & Kristin Hall | Berkshire Hathaway HomeServices

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

$4,195,000
Property Type: Res Bedrooms: 10 Baths: 7 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

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, 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.

More Information MLS# 26-1822

Location Info

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

Contract Info

Affordable Housing: No Current Price: $4,195,000 Price: 4195000 Begin Date: 2026-06-01 Status: Active

Property Information

Year Built: 1989 Apx # Acres: 1.27 Total # Units in Development: 10 Source: Appraiser Recurring Fees: No ADU: No Within City Limits Y/N: No TYP: Home/Estate Total Bedrooms: 10 Total Bathrooms: 7 Total Full Baths: 6 Total Half Baths: 1 Total SqFt.: 4217

Neighborhood/Schools

Elementary School: McKinley Junior High School: LaCumbre High School: San Marcos

Owner Info

Deposit: 3

Remarks

Hot Sheet Comment: new Geo Lat: 34.406494 Geo Lon: -119.708209

Parking/Garage

Total # Uncovered Spaces: 14

Laundry

Laundry Room: 1 In Unit: 1

Zoning

E-1: 1 RS-15: 1

Terms

Cash: 1 Conventional: 1

Property Features

Laundry: Laundry Room; In Unit Zoning: RS-15; E-1 Terms: Cash; Conventional
Listing Office: Radius Group Commercial R.E.
IDX
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.