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Alta Mesa Multifamily Home for Sale

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    $4,295,000

    • 4,192 Sq Ft

    543.5 Arroyo Ave, Santa Barbara, CA 93109

    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,

    Steve Golis Radius Group Commercial R.E.

    543.5 Arroyo Ave, Santa Barbara, CA 93109

Why Live in Alta Mesa

Alta Mesa in Santa Barbara is a hillside neighborhood located a few miles south of downtown, offering stunning views of the Santa Ynez Mountains and the Pacific Ocean. Developed in the mid-20th century, it features a mix of ranch-style homes and cottages from the 1950s and '60s, many of which have been remodeled in Mediterranean and Spanish Revival styles. The area is known for its steep, winding streets lined with eucalyptus and palm trees, and well-maintained sidewalks. Local students attend highly rated schools such as Washington Elementary, La Cumbre Junior High, and Santa Barbara High, each offering specialized programs and extracurricular activities. Elings Park, a 230-acre community-supported nonprofit park, forms the western edge of Alta Mesa and features a disc golf course, remote-controlled auto racetrack, and 9 miles of biking and hiking trails with ocean views. Smaller parks like Hilda McIntyre Ray Park and the Mesa Harmony Garden provide additional green spaces. The Mesa Shopping Center offers local eateries, grocery stores, and shops, including the Mesa Bookstore and Mesa Café. For vegan Mediterranean cuisine, residents can visit Mesa Verde. Alta Mesa is conveniently located near State Street, Santa Barbara's main culinary and shopping hub, and is accessible via U.S. Route 101 and local bus routes. Santa Barbara Cottage Hospital is 3 miles away, and Santa Barbara Airport is 10 miles away, providing direct flights to major cities. The neighborhood also hosts the Local Vibes concert festival each September at Elings Park, featuring local bands and food trucks.

Home Trends in Alta Mesa, CA

Housing Trends

Median Sale Price
$2,060,450
Median Single Family Sale Price
$2,370,000
Median 2 Bedroom Sale Price
$960,000
Median 1 Bedroom Sale Price
$763,750
Average Price Per Sq Ft
$1,349
Number of Homes for Sale
14
Last 12 months Home Sales
58
Months of Supply
2.90
Median List Price
$2,197,500
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-6%
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