529 S Pine St

Santa Maria, CA 93458

$4,995,000
Price
42
Beds
16
Baths
12,770 Sq. Ft.
$391 / Sq. Ft.
12,770
Sq. Ft.
$391
per Sq. Ft.
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an empty room with wooden floor and windows
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Description

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...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 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.
  1. Listed by Owen Schwaegerle • DRE #02040597 • Brokerage DRE #02174659 • The Schwaegerle Team • 805-215-5063

Property Details for 529 South Pine Street

Architectural Style
Modern
View
City Lights, Neighborhood, Courtyard
Parking Spaces Total
8
Private Pool
No
Cooling Type
Ductless
Total Units
8.0
Building Type
Attached
Lot Size Source
Appraiser
LISTING UPDATED: 03/31/2026 11:23 AM

Property Details for 529 South Pine Street

StatusActive
MLS #SC25262675
Days on Market178
Pet Policy-
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built2025
CountySanta Barbara County
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Location

Listing Courtesy of The Schwaegerle Team, Owen Schwaegerle, DRE #02040597
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Building Information for 529 South Pine Street

Building/Complex529 S Pine StFloor-Stories3Residences-Pet Policy-Pet Policy Details-Year Built2025Building Size-

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$26,557 per month

30 year fixed, 6.36% Interest

Principal and Interest

$24,891

Property Taxes

$1,666

HOA Dues

$0

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Property Information for 529 South Pine Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $670,800
  • Gross Scheduled Income: $670,800
  • Vacancy Allowance: 33540
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $637,260
  • Net Operating Income: $486,012
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $151,248
  • Operating Expense Percent: 22.50%
  • New Taxes Expense: $57,000
  • Gardener Expense: $1,800
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $10,800
  • Maintenance Expense: $3,000
  • Professional Management Expense: $40,248
  • Other Expense: $12,000
  • Other Expense Description: Turnover
  • Trash Expense: $0
  • Water Sewer Expense: $42,000
  • Total Expenses: $151,248
Tax / Assessment Info
  • Tax Block: D
  • Tax Census Tract: 22.06
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 6
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Watersports, Dog Park, Hiking, Urban, Sidewalks, Suburban
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Appliances: Electric Oven, Electric Water Heater, Electric Cooktop, ENERGY STAR Qualified Appliances, Refrigerator, Electric Range, Microwave, ENERGY STAR Qualified Water Heater, Water Heater
  • Equipment: Electric Dryer Hookup, Hookup - Electric, Laundry Area, Laundry Closet Stacked, Microwave, Refrigerator, Stackable W/D Hookup, Washer Hookup
  • Interior Features: Wet Bar, 2 Staircases, Open Floorplan, Formica Counters
  • Room Type: Laundry, All Bedrooms Up, Kitchen, Living Room, Family Room
  • Bedroom Features: All Bedrooms Up
  • Water Heater Features: Electric
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Common Area, Stackable
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Ductless
  • Heating Type: Solar, Ductless
  • Heat Source: Solar
  • Heating: Solar, Ductless
  • Heat Equipment: Passive Solar
  • Flooring Type: Vinyl
  • Flooring: Vinyl
  • Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=3ceBmwWHDWq
Exterior Features
  • Window Features: Insulated Windows
  • Construction Materials: Stucco, Drywall Walls
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Shingle
  • Entry Location: Ground
  • Fence: No
  • Fence: None
  • Fencing: None
  • Property Condition: Under Construction
  • View Description: City Lights, Courtyard
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: Corner Lot, Landscaped, 6-10 Units/Acre
  • Land Use: Multi-Family
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Water Available, Sewer Connected, Cable Connected, Electricity Connected
  • Electric: Cable Connected, Electricity Connected, Sewer Connected, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking Garage Spaces: 6
  • Carport Spaces: 2
Property / Structure Info
  • Builder Name: Joe Halsell
  • Building Status: Under Construction
  • Residential Styles: Res Income 2-4 Units
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 6
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 6
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 8
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 0

Property History for 529 South Pine Street

DateEvent & SourcePriceAppreciation
Dec 5, 2025

Listed (Active)

NSBCMLS #25002355

$4,995,000—
Nov 21, 2025

Listed (Active)

CRMLS #SC25262675

$4,995,000—
Nov 21, 2025

Listed (Active)

CRMLS #SC25262493

$4,995,000—
DateEvent & SourcePrice
12/05/2025

Listed (Active)

NSBCMLS #25002355

$4,995,000
11/21/2025

Listed (Active)

CRMLS #SC25262675

$4,995,000
11/21/2025

Listed (Active)

CRMLS #SC25262493

$4,995,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 529 South Pine Street

Taxable ValueLand$382,034Additions$1,271,000Total$1,653,034
Tax Record2025$19,997 ($1,666 / month)
Home Facts
Beds2Total Finished SqFt2,185 SqFtAbove Grade Finished SqFt2,185 SqFtLot Size17,859 SqFtStyleSingle Family ResidenceYear Built1920CountySANTA BARBARAAPN123-131-014Fireplace TypeHas Fireplace

Schools near 529 South Pine Street

This home is within Santa Maria-Bonita School District.
Rating
School
Type
Grades
Distance
Adam (William Laird) Elementary School
Public - K to 6
Fesler (Isaac) Junior High School
Public - 7 to 8
Santa Maria High School
Public - 9 to 12
Bill Libbon Elementary
Public - K to 6
Rating
School
Distance
Adam (William Laird) Elementary School
PublicK to 6

Fesler (Isaac) Junior High School
Public7 to 8

Santa Maria High School
Public9 to 12

Bill Libbon Elementary
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 529 South Pine Street, Santa Maria, CA 93458

529 South Pine Street is a multi-family home for sale in Santa Maria, CA 93458. This property was listed for sale on November 18, 2025 by The Schwaegerle Team, it's currently listed at $4,995,000. It has been on the market for a total of 178 days and was last sold on August 23, 2021. This listing's school districts are Santa Maria Joint Union High School District, Santa Maria-Bonita School District. Nearby schools include Adam (William Laird) Elementary School, Fesler (Isaac) Junior High School and Santa Maria High School. 529 South Pine Street is a 42-bed, 16-bath, 12,770 sqft multi-family home built in 2025.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Schwaegerle Team, Owen Schwaegerle, DRE #02040597

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS and North Santa Barbara County Regional MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS and North Santa Barbara County Regional MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.