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543.5 Arroyo Avenue

$4,595,000

Rare opportunity on the Mesa - 8 bedrooms, 7 bathrooms, over 4,300 square feet and resting on a secluded 1.27 acre lot.This custom-built home has proven to be a very strong income-producing asset for student housing with current monthly rents of $30,420 per month(Actual 6% CAP). Additional rental income is possible with 3 open beds that can be filled next semester with a large waitlist of applicants. The flexible floor plan could also operate as a large family compound with multiple entrances, an abundance of parking and plenty of exterior space for outdoor entertainment. A peek of the ocean can be viewed from the top floor balcony and in total there are over 1,000 square feet of balcony space.

We will contact you to schedule an appointment to view this property. Please let us know your preffered time and date in your comments. For more immediate assistance, please call (805) 895-0591 during business hours.
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  • 543.5 Arroyo Avenue
    SANTA BARBARA, California 93109

  • List Price: $4,595,000

  • 8 Bedrooms
  • 6 Full Baths
  • 1 Partial Baths

  • Subdivision: 20 - Mesa

  • Elementary School: McKinley
  • Middle School: S.B. Jr.
  • High School: S.B. Sr.

  • 8 Parking Spots

  • This property is currently listed by Austin R Jones with Omega Real Estate and Investments.

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