529 S Pine Street, Santa Maria, CA 93458
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
529 S Pine Street,Santa Maria, CA 93458
$4,995,000
- - Beds
- - Baths
- 12,770 sq. ft.
- Multi-family
- Active
Listed by: owen schwaegerle
Office: the schwaegerle team805-776-3036
MLS#:SC25262675
Source:CRMLS
Price summary
- Price:$4,995,000
- Price per sq. ft.:$391.15
About this home
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, farm workers, 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 is now complete. 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.
3 of the units are to be leased out to a local farmer and filled with migrant workers on a one year lease. The projected rental income for those 3 units is about $4,200 per month. Given this rental rate, the projected rental income for the entire building would be around $30,000 per month. This would bring the annual gross income to $360,000, which supports a 4.6% 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....
Contact an agent
Home facts
- Year built:2025
- Listing ID #:SC25262675
- Added:179 day(s) ago
- Updated:May 19, 2026 at 01:18 PM
Rooms and interior
- Flooring:Vinyl
- Kitchen Description:Electric Cooktop, Electric Oven, Electric Range, Laminate Counters, Microwave, Refrigerator, Wet Bar
- Bedroom Description:All Bedrooms Up
- Living area:12,770 sq. ft.
Heating and cooling
- Cooling:Ductless
- Heating:Ductless, Solar
Structure and exterior
- Roof:Shingle
- Year built:2025
- Building area:12,770 sq. ft.
- Lot area:0.41 Acres
- Lot Features:Corner Lot, Landscaped
- Architectural Style:Modern
- Construction Materials:Stucco
- Levels:Three Or More
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$4,995,000
- Price per sq. ft.:$391.15
Features and amenities
- Appliances:Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Water Heater
- Laundry features:Common Area, Electric Dryer Hookup, Stacked, Washer Hookup
- Amenities:Insulated Windows, Multiple Staircases, Open Floorplan
Parking
- Total parking spaces:8
- Parking description:2 Carport Space(s)
- Garage:Yes
- Garage spaces:6
- Carport spaces:2
New listings near 529 S Pine Street
- New
$674,900Active3 beds 2 baths1,685 sq. ft.1827 Duke, Santa Maria, CA 93454
MLS# PI26104383Listed by: MODERN BROKER - New
$298,800Active1 beds 1 baths683 sq. ft.321 Inger, Santa Maria, CA 93454
MLS# PI26109459Listed by: PACIFIC PREMIER PROPERTIES, INC. - New
$240,000Active2 beds 2 baths1,440 sq. ft.519 W Taylor #340, Santa Maria, CA 93458
MLS# SC26108384Listed by: CENTRAL COAST PROPERTY SALES - Open Sat, 1 to 3pmNew
$598,500Active2 beds 2 baths1,206 sq. ft.1645 Barolo Place, Santa Maria, CA 93458
MLS# SC26101907Listed by: ACQUIRE MORTGAGE & REAL ESTATE - Coming Soon
$949,000Coming Soon5 beds 3 baths1377 Ken, Santa Maria, CA 93455
MLS# PI26107010Listed by: MODERN BROKER - New
$529,900Active2 beds 2 baths1,032 sq. ft.1024 Winston, Santa Maria, CA 93458
MLS# PI26100786Listed by: OUTLAND AND ASSOCIATES REAL ESTATE - New
$799,000Active4 beds 3 baths2,554 sq. ft.1728 Alcala, Santa Maria, CA 93454
MLS# PI26107086Listed by: EXP REALTY OF CALIFORNIA, INC. - New
$645,000Active3 beds 2 baths1,395 sq. ft.715 Hawthorn, Santa Maria, CA 93458
MLS# PI26105912Listed by: CENTURY 21 MASTERS - New
$185,000Active2 beds 2 baths1,830 sq. ft.519 W Taylor Street #214, Santa Maria, CA 93458
MLS# PI26097443Listed by: INVEST SLO
$650,000Pending3 beds 2 baths1,300 sq. ft.444 San Luis, Santa Maria, CA 93455
MLS# PI26106614Listed by: OIC REAL ESTATE SERVICES INC