543.5 Arroyo Ave Santa Barbara, CA 93109
Alta Mesa NeighborhoodEstimated payment $26,038/month
Total Views
2,806
10
Beds
7
Baths
4,192
Sq Ft
$1,025
Price per Sq Ft
Highlights
- Property is near an ocean
- Deck
- Property is near a park
- 1.27 Acre Lot
- Hilly Lot
- Main Floor Bedroom
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 9 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. While the property is currently used for student housing, 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
Est. Annual Taxes
- $33,807
Year Built
- Built in 1989
Lot Details
- 1.27 Acre Lot
- Hilly Lot
- Property is in excellent condition
Parking
- 14 Open Parking Spaces
Home Design
- Tri-Level Property
- Composition Roof
Interior Spaces
- 4,192 Sq Ft Home
- Living Room with Fireplace
- Dining Area
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- Main Floor Bedroom
- 7 Full Bathrooms
Outdoor Features
- Property is near an ocean
- Deck
- Covered Patio or Porch
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
- Restaurant
Listing and Financial Details
- Assessor Parcel Number 035-040-036
Map
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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 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | For Sale | $4,295,000 | -- | $1,025 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
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 |
Source: Public Records
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: Public Records
Similar Homes in Santa Barbara, CA
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-3159
APN: 035-040-036
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