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  • 543 1/2 Arroyo Avenue

543 1/2 Arroyo Avenue, Santa Barbara, CA 93109

$4,195,000 Approx. USD 0 beds, 0 baths

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Photo of Sharon Miyahira

Sharon Miyahira REALTOR® - Sales Associate 805-444-5622 m
805-444-5622 o
Lic#: 01114829
NRDS ID: 211501887
SharonMiyahira@bhhscal.com Text Me
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Lic#: 01114829
NRDS ID: 211501887
SharonMiyahira@bhhscal.com Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
Phone: 805-677-7300
Fax: 805-644-8278
 Ventura 789 S. Victoria Ave., Suite 100
Ventura, CA 93003
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Fax: 805-644-8278
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Listing Agent


Steven J Golis
Lic#: 00772218
Broker: Courtesy of Radius Group Commercial R.E.

Agent Remarks

FULLY LEASED for 26/27 AY, with over $60k in capital improvements since July 2025. View Matterport 3D tour here: https://my.matterport.com/show/?m=eRxPZ2jsDS2 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26-1823
Price: $4,195,000
Beds: 0
Baths: 0
Built in 1989
1.27 acres
Lot size: 1.2700
County: Santa Barbara
Zoning: E-1
MLS area: 20 - SB/WEST OF STATE

Last Updated: 6/19/2026

 Days On Market (DOM): 18

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This listing belongs to the 20 - SB/WEST OF STATE MLS area

Lat/Long: 34.406529, -119.708209.
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Source: SBM. Also Available in 26-1822,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Sharon Miyahira

Sharon Miyahira REALTOR® - Sales Associate 805-444-5622 m
805-444-5622 o
Lic#: 01114829
NRDS ID: 211501887
SharonMiyahira@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 01114829
NRDS ID: 211501887
SharonMiyahira@bhhscal.com
Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
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