543 Arroyo Ave - Apartments FOR SALE


Santa Barbara, CA 93109- Alta Mesa
$4,295,000 USD
805-698-0174
543 Arroyo Ave, Santa Barbara, CA for Sale
$4,295,000 USD
Apartments - FOR SALE
1/27
null | 6.77% Cap Rate

543 Arroyo Ave
Santa Barbara, CA 93109
Alta Mesa


HIGHLIGHTS

  • 10 fully furnished rooms with 26 total beds
  • High-end modern finishes
  • New landscaping, volleyball court and ample private parking
  • Solar system fully paid off
  • Sellers have spent approximately $60K since July 2025 plus additional costs since taking ownership

OVERVIEW

ARROYO 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.

FOR SALE DETAILS

PRICE

$4,295,000 USD

PRICE/SF

$996 USD /SF

# OF UNITS

1

PRICE/UNIT

$4,295,000

CAP RATE

6.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Unique Student Housing Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1989

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

R1-15 (E-1)

APN/PARCEL ID

035-040-035

ASK ABOUT THIS PROPERTY

Steve GolisRadius Commercial Real EstateMore Info
805-698-0174

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Steve GolisRadius Commercial Real EstateMore Info
805-698-0174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.