Log In/Sign Up
Your email has been sent.
10-Bed Turnkey Student Housing Opportunity 543 1/2 Arroyo Ave 1 Unit Apartment Building $5,803,992 CAD ($5,803,992 CAD/Unit) 6.45% Cap Rate Santa Barbara, CA 93109
Investment Highlights
- 10 fully furnished rooms: (3) Doubles; (5) Triples; (1) Quad; (1) Single
- Approximately $60,000 in capital improvements since July 2025
- 14 Parking Spaces (12 Paid)
Executive Summary
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, 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.
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, 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.
Property Facts
| Price | $5,803,992 CAD | Building Class | B |
| Price Per Unit | $5,803,992 CAD | Lot Size | 1.27 AC |
| Sale Type | Investment | Building Size | 4,217 SF |
| Cap Rate | 6.45% | Average Occupancy | 100% |
| No. Units | 1 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | Parking Ratio | 3.32/1,000 SF |
| Apartment Style | Single-Family Home | ||
| Zoning | RS-15 (E-1) | ||
| Price | $5,803,992 CAD |
| Price Per Unit | $5,803,992 CAD |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 1.27 AC |
| Building Size | 4,217 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1989 |
| Parking Ratio | 3.32/1,000 SF |
| Zoning | RS-15 (E-1) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 400 |
| 3+1 | 7 | - | 400 |
| 4+1 | 1 | - | 400 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 035-040-036 | Improvements Assessment | $3,030,985 CAD |
| Land Assessment | $1,464,244 CAD | Total Assessment | $4,495,229 CAD |
Property Taxes
Parcel Number
035-040-036
Land Assessment
$1,464,244 CAD
Improvements Assessment
$3,030,985 CAD
Total Assessment
$4,495,229 CAD
1 of 40
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
10-Bed Turnkey Student Housing Opportunity | 543 1/2 Arroyo Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.