Furnished Multifamily Student
For Sale
$4,195,000
543 1/2 Arroyo Ave, Santa Barbara, CA 93109
Currently leased student accommodation serves SBCC, UCSB, and Westmont College students.
Property Size4,217 SF
Days on Market90
Property Features for 543 1/2 Arroyo Ave
General Information
Standard status
Active
Size
4,217 SF
Property subtype
Investment
Occupancy
100%
Additional Details
Furnished
Yes
Building Details
Building Size
4,217 SF
Year Built
1989
Units
10
Listing Agency:
Radius Group Commercial R.E.
(805) 965-5500
Listed By:
Steven Golis · License #00772218
(805) 965-5500
Source:
Elliman
Added: Jun 3
Changed: Aug 30
Last Checked: Aug 30 at 3:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Radius Group Commercial R.E.
Investment Insights
Based on property information with market context.
Built in 1989, this multifamily property is currently operated as furnished student housing with 10 rooms and 26 total beds. The configuration includes three doubles, five triples, one quad, and one single. Furnishings and interior finishes have been upgraded throughout, supporting a contemporary residential setting for students from SBCC, UCSB, and Westmont College.
The property is located at 543 1/2 Arroyo Ave in Santa Barbara, California. It is fully leased for the 26/27 AY, and capital improvements have been completed since July 2025. Transportation characteristics include a Bike Score of 56, a Walk Score of 41, and a Transit Score of 31.
The property is located at 543 1/2 Arroyo Ave in Santa Barbara, California. It is fully leased for the 26/27 AY, and capital improvements have been completed since July 2025. Transportation characteristics include a Bike Score of 56, a Walk Score of 41, and a Transit Score of 31.
Key Highlights
- 10 fully furnished rooms with 26 total beds
- Unit mix includes 3 doubles, 5 triples, 1 quad, and 1 single
- Fully leased for the 26/27 AY
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
Business Placement
Demographics for 93109, CA
11,041
Population
4,910
Households
2.2
Avg Household Size
44
Median Age
58%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
3,247
Density / Sq Mi
$126,875
Median Household Income
$52,914
Median Earnings
$2,870
Median Rent
$1,836,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Currently leased student accommodation serves SBCC, UCSB, and Westmont College students.
Where is this multifamily property located?
The property is located at 543 1/2 Arroyo Ave Santa Barbara, CA.
What is the asking price?
The asking price for this property is $4,195,000.
What are key features of this property?
This property features: 10 fully furnished rooms with 26 total beds; Unit mix includes 3 doubles, 5 triples, 1 quad, and 1 single; Fully leased for the 26/27 AY
