543.5 Arroyo Ave Santa Barbara, CA 93109
Alta Mesa NeighborhoodEstimated payment $26,219/month
Highlights
- Property is near an ocean
- Property is near a park
- Laundry Room
- 1.27 Acre Lot
- Furnished
- Property is in excellent condition
About This Home
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. 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $33,807
Year Built
- Built in 1989
Lot Details
- 1.27 Acre Lot
- Property is in excellent condition
Interior Spaces
- 4,192 Sq Ft Home
- Furnished
- Laundry Room
Parking
- 14 Open Parking Spaces
- 14 Parking Spaces
Outdoor Features
- Property is near an ocean
Location
- Property is near a park
- Property is near public transit
- Property is near schools
- Property is near shops
- Property is near a bus stop
Schools
- Mckinley Elementary School
- Lacumbre Middle School
- San Marcos High School
Community Details
- 10 Units
- Gross Income $439,860
Listing and Financial Details
- Assessor Parcel Number 035-040-036
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $33,807 | $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
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | For Sale | $4,295,000 | -- | $1,025 / Sq Ft |
Purchase History
| 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 | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Grant Deed | $1,869,000 | Fidelity National Title Co | |
| Grant Deed | -- | Fidelity National Title Co | |
| Grant Deed | $600,000 | Chicago Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $3,150,000 | New Conventional | |
| Closed | $2,700,000 | New Conventional | |
| Closed | $350,000 | Construction | |
| Closed | $2,456,000 | Construction | |
| Closed | $307,000 | 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 | |
| Previous Owner | $450,000 | No Value Available | |
| Closed | $60,000 | No Value Available |
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-3158
APN: 035-040-036
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