Home | Santa Barbara County | Santa Maria | 93458 | 529 S Pine St
MLS: CRSC25262675 | Status: | Price: $4,995,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 18,060 | 2025 |
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 prop
| Field | Value |
|---|---|
| MLS # | CRSC25262675 |
| MLS Source | California Regional MLS |
| Days on Site | 153 |
| Feature | Details |
|---|---|
| Appliances | Microwave, Other, Oven - Electric, Oven Range - Electric |
| Heating | Solar |
| Feature | Details |
|---|---|
| Roof | Shingle |
| Style | Contemporary |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 6 Car(s) |
Owen Schwaegerle
The Schwaegerle Team
License #: 02040597
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 0 | – |
School data provided by GreatSchools.org
©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of April 01, 2026. For the most current information, please contact Owen Schwaegerle.