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.
Active
$4,295,000
543.5 Arroyo Ave, Santa Barbara, CA 93109
10beds
4,192sqft
Est.:
Single Family Residence
Built in 1989
1.27 Acres Lot
$4,202,300 Zestimate®
$1,025/sqft
$-- HOA
What's special
Volleyball courtModern finishesAmple private parkingMassive lotNew landscaping
- 46 days |
- 574 |
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