543 1/2 Arroyo Ave Santa Barbara, CA 93109
Alta Mesa NeighborhoodEstimated payment $24,357/month
About This Home
FULLY LEASED for 26/27 AY, with over 60k in capital improvements since July 2025.
View Matterport 3D tour here: 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.... 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.
Home Details
Home Type
- Single Family
Year Built
- Built in 1989
Lot Details
- 1.27 Acre Lot
- Property is zoned E-1
Parking
- 14 Open Parking Spaces
Home Design
- 4,217 Sq Ft Home
Bedrooms and Bathrooms
- 10 Bedrooms
Laundry
- Laundry Room
Schools
- Mckinley Elementary School
- Lacumbre Middle School
- San Marcos High School
Community Details
- 10 Units
Listing and Financial Details
- Assessor Parcel Number 035-040-036
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $34,395 | $3,323,066 | $1,082,432 | $2,240,634 |
| 2025 | $34,395 | $3,257,908 | $1,061,208 | $2,196,700 |
| 2023 | $33,807 | $2,917,000 | $950,000 | $1,967,000 |
| 2022 | $20,810 | $1,956,531 | $1,093,646 | $862,885 |
| 2021 | $20,333 | $1,918,168 | $1,072,202 | $845,966 |
| 2020 | $20,124 | $1,898,500 | $1,061,208 | $837,292 |
| 2019 | $19,774 | $1,861,275 | $1,040,400 | $820,875 |
| 2018 | $19,494 | $1,824,780 | $1,020,000 | $804,780 |
| 2017 | $18,777 | $1,782,000 | $1,000,000 | $782,000 |
| 2016 | $16,153 | $1,539,000 | $905,000 | $634,000 |
| 2015 | $14,754 | $1,399,000 | $823,000 | $576,000 |
| 2014 | $14,108 | $1,333,000 | $784,000 | $549,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/13/2026 07/13/26 | Price Changed | $3,895,000 | -7.2% | $924 / Sq Ft | |
| 06/01/2026 06/01/26 | For Sale | $4,195,000 | +135.4% | $995 / Sq Ft | |
| 09/16/2016 09/16/16 | Sold | $1,782,000 | -10.7% | $413 / Sq Ft | View Prior Sale |
| 06/21/2016 06/21/16 | Pending | -- | -- | -- | |
| 02/24/2016 02/24/16 | For Sale | $1,995,000 | -- | $463 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,070,000 | First American Title | |
| Grant Deed | $1,782,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $1,869,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Grant Deed | -- | Fidelity National Title Co | |
| Grant Deed | $600,000 | Chicago Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,150,000 | New Conventional | |
| Closed | $350,000 | Construction | |
| Closed | $2,700,000 | New Conventional | |
| Closed | $307,000 | Construction | |
| Closed | $2,456,000 | Construction | |
| Closed | $2,456,000 | Construction | |
| Previous Owner | $1,247,400 | New Conventional | |
| Previous Owner | $350,000 | Credit Line Revolving | |
| Previous Owner | $1,401,750 | Unknown | |
| Previous Owner | $165,000 | Credit Line Revolving | |
| Previous Owner | $1,200,000 | Unknown | |
| Previous Owner | $75,000 | Credit Line Revolving |
Source: Santa Barbara Multiple Listing Service
MLS Number: 26-1822
APN: 035-040-036
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