Property Details
About this Property
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 Colle
MLS Listing Information
MLS #
CRSC25262675
MLS Source
California Regional MLS
Days on Site
14
Interior Features
Appliances
Microwave, Other, Oven - Electric, Oven Range - Electric
Heating
Solar
Exterior Features
Roof
Shingle
Style
Contemporary
Parking, School, and Other Information
Garage/Parking
Garage: 6 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
529 S Pine St is a Residential Income in Santa Maria, CA 93458. This – square foot property sits on a 18,060 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,995,000 and was built in 2025. This address can also be written as 529 S Pine St, Santa Maria, CA 93458.
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This listing information is up-to-date as of November 22, 2025. For the most current information, please contact Owen Schwaegerle
