529 S Pine Street, Santa Maria, CA 93458

Santa Maria
Local realty services provided by:ERA North Orange County Real Estate
529 S Pine Street,Santa Maria, CA 93458
$4,995,000
  • 20 Beds
  • 8 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: owen schwaegerle
Office: the schwaegerle team
MLS#:SC25262675
Source:San Diego MLS via CRMLS

Price summary

  • Price:$4,995,000

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%...

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Home facts

  • Listing ID #:SC25262675
  • Added:159 day(s) ago
  • Updated:April 30, 2026 at 01:52 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:8

Heating and cooling

  • Heating:Passive Solar

Structure and exterior

  • Construction Materials:Stucco
  • Levels:3 Story

Finances and disclosures

  • Price:$4,995,000
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