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$4,995,000

  • For Sale
  • Active
  • Multi-Family
See This Home
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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 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.

Full Property Details for 529 S Pine St

General

  • Price: $4,995,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SC25262675
  • Updated: 12/19/2025
  • Days on Market: 56 days
  • Added to Site: 56 day(s) ago

Interior

  • Rooms/Areas: All Bedrooms Up, Family Room, Kitchen, Laundry, Living Room
  • Interior Features: 2 Staircases, Formica Counters, Open Floorplan, Wet Bar
  • Fireplace(s): None
  • Appliances: Electric Oven, Electric Range, Electric Cooktop, Electric Water Heater, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Microwave, Refrigerator, Water Heater
  • Flooring: Vinyl

Rooms

Other Rooms

  • Laundry: Common Area, Electric Dryer Hookup, Stackable, Washer Hookup

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 6

Location

  • Area: SMIA - Santa Maria
  • County: Santa Barbara
  • Development Name: SMIA - Santa Maria
  • Driving Directions: This property is located at the corner of S Pine and W Boone

Heating & Cooling

  • Cooling Type: Ductless
  • Heating Type: Ductless, Solar

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Gas Meters: 8
  • # Electric Meters: 8

Structural Information

  • Architectural Style: Modern
  • Roof: Shingle
  • Windows: Insulated Windows
  • Entry Location: Ground
  • Stories/Levels: Three Or More
  • Stories Description: Three Or More
  • Square Feet: 12,770
  • Year Built: 2025

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 5

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 5

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 5

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 5

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 6

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 6

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 5

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 5

Lot Features

  • Property View: City Lights, Courtyard, Neighborhood
  • Lot Size (Acres): 0.4146
  • Lot Size (Sq. Ft.): 18,060
  • Lot Size Source: Appraiser
  • Zoning: R3
  • Lot Description: 6-10 Units/Acre, Corner Lot, Landscaped

Financial Considerations

  • Price Per Sq. Ft.: $391.15
  • Price Per Unit: 624375

Listed by Owen Schwaegerle, Broker, Owen Schwaegerle

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Listing agent

— 529 S Pine St —

  • Owen Schwaegerle

    Owen Schwaegerle, Broker

805-215-5063

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 529 S Pine St

School Districts:Santa Maria-Bonita Elementary School District, Santa Maria Joint Union High School District
NameGradesDistance
Adam (William Laird) Elementary School
500 W. Windsor, Santa Maria, CA 93458
K-60.8 mi
Fesler (Isaac) Junior High School
1100 East Fesler Street, Santa Maria, CA 93454
7-81.2 mi
Santa Maria High School
901 S. BRd.way, Santa Maria, CA 93454
9-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 529 S Pine St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/21/2025
Listed
$4,995,000
1716.36%
MLS
8/23/2021
Sold
$275,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 529 S Pine St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,997
3%
$1,653,034
—
2024
$19,390
80%
$1,645,544
92%
2023
$10,784
36%
$857,200
43%
2022
$7,938
9%
$600,000
8%
2021
$7,309
20%
$555,697
1%
2020
$6,111
507%
$550,000
524%
2019
$1,006
10%
$88,138
2%
2018
$915
1%
$86,410
2%
2017
$903
5%
$84,717
2%
2016
$863
2%
$83,056
2%
2015
$848
5%
$81,809
2%
2014
$808
—
$80,208
—
2013
$804
—
$79,846
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Owen Schwaegerle, Broker, Owen Schwaegerle

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Listed by Jennifer Grinager (CalRE#: 01503303) (805) 235-2339

529 S Pine Street, Santa Maria, CA 93458 (MLS# SC25262675) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 529 S Pine Street is currently listed for $4,995,000 and was received on November 21, 2025. Want to learn more about 529 S Pine Street? Do you have questions about finding other Multi-Family real estate for sale in Santa Maria-Northeast? You can browse all Santa Maria-Northeast real estate or contact a Coldwell Banker agent to request more information.

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