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Unique Housing Opportunity 543 Arroyo Ave 1 Unit Apartment Building $3,995,000 ($3,995,000/Unit) 7.36% Cap Rate Santa Barbara, CA 93109
INVESTMENT HIGHLIGHTS
- PRICE REDUCED! NOW OFFERED AT $3,995,000.
- New landscaping, volleyball court and ample private parking.
- Sellers have spent approximately $60K since July 2025 plus additional costs since taking ownership.
- 10 fully furnished rooms with 26 total beds. High-end modern finishes.
- Solar system fully paid off.
- Also could be used as a sober living home, recovery housing, transitional housing, supportive housing, group home or or room-by-room rentals.
EXECUTIVE SUMMARY
PRICE REDUCED! Now offered at $3,995,000
Welcome to Arroyo House — a fully remodeled, turn-key investment property on a massive lot in Santa Barbara’s highly sought-after Mesa community.
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, 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.
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.
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.
Welcome to Arroyo House — a fully remodeled, turn-key investment property on a massive lot in Santa Barbara’s highly sought-after Mesa community.
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, 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.
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.
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.
PROPERTY FACTS
| Price | $3,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $3,995,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.27 AC |
| Cap Rate | 7.36% | Building Size | 4,192 SF |
| Gross Rent Multiplier | 9.08 | Average Occupancy | 100% |
| No. Units | 1 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1989/2022 |
| Property Subtype | Apartment | Parking Ratio | 3.34/1,000 SF |
| Zoning | R1-15 (E-1) - Residential Income | ||
| Price | $3,995,000 |
| Price Per Unit | $3,995,000 |
| Sale Type | Investment |
| Cap Rate | 7.36% |
| Gross Rent Multiplier | 9.08 |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.27 AC |
| Building Size | 4,192 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2022 |
| Parking Ratio | 3.34/1,000 SF |
| Zoning | R1-15 (E-1) - Residential Income |
AMENITIES
UNIT AMENITIES
- Bay Window
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
1 1
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Unique Housing Opportunity | 543 Arroyo Ave
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