$4,995,000

529 S Pine Street, Santa Maria, CA 93458

  • 12,770 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2025
  • Property Lot Size Icon0.41acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $391/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Are you the kind of investor who is looking for the next high-income producing opportunity? Are you excited by a multi-family building designed for student housing or communal living? If so, this deal is for you. This newly built co-living property has been years in the making, with extensive planning, approvals, and construction now nearing completion. The property was designed specifically for student and communal living. It offers 42 total bedrooms across six 5-bedroom units and two 6-bedroom units. Each bedroom has its own smart lock, and the shared kitchens and bathrooms create a practical setup for communal, dorm-style living that helps maintain high occupancy and steady income. The projected numbers are strong. The developer anticipates monthly income of $55,900 dollars and annual gross income of $670,800 dollars, which supports a 9.7% percent cap rate at a purchase price of $4,995,000 dollars. The property is also located in an Opportunity Zone, providing valuable tax advantages that can enhance long-term returns. If you want an investment that rewards effort, demands smart management, and delivers the kind of cash flow most properties can’t touch, this one deserves your attention. The location offers the kind of built-in demand investors look for. With Hancock College just minutes away and the consistent need for farm labor, the property benefits from a steady flow of students and seasonal workers seeking affordable, flexible housing. This consistent renter base will support strong occupancy levels year-round. If this investment fits what you’ve been looking for, contact us to arrange a private showing.

Listing Status:
Active
Date Added:
November 21, 2025
Data Last Updated:
March 5, 2026 at 3:16AM
Listing Office:
Owen Schwaegerle, Broker : 805-776-3036
Listing Agent:
Owen Schwaegerle : 805-776-3036
MLS ID:
SC25262493
  • Laundry: Common AreaWasher HookupElectric Dryer HookupStacked
  • A/C: Ductless
  • Heating: DuctlessSolar
  • Parking: Parking spaces: 2
  • Roofing: Shingle
  • General: DrywallStucco3
  • Originating MLS: CRMLS_CRM
  • County: Santa Barbara
  • Zoning: 123131014
  • Fencing: None
  • Utilities: Cable ConnectedElectricity ConnectedSewer ConnectedWater Available
  • Water: Public
  • Source: CRMLS_CRM

This listing courtesy of Owen Schwaegerle , Owen Schwaegerle, Broker

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

I

Isaac Miller Elementary School

410 E Camino Colegio, Santa Maria, CA, 93454

Grades KG-6

0.64 miles away

E

El Camino Junior High School

219 W El Camino St, Santa Maria, CA, 93458

Grades 7-8

0.82 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.