529 S Pine Street, Santa Maria, CA 93458

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: owen schwaegerle, broker
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 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

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Home facts

  • Listing ID #:SC25262675
  • Added:51 day(s) ago
  • Updated:January 12, 2026 at 03:40 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:8

Heating and cooling

  • Heating:Passive Solar

Finances and disclosures

  • Price:$4,995,000
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