529 S Pine St

16
Baths
12,770 Sq. Ft.
$391 / Sq. Ft.
12,770
Sq. Ft.
$391
per Sq. Ft.

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 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...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.
  1. Listed by Owen Schwaegerle • DRE #02040597 • Owen Schwaegerle, Broker • 805-215-5063

Property Details for 529 South Pine Street

Architectural Style
Modern
View
City Lights, Courtyard, Neighborhood
Parking Spaces Total
8
Private Pool
No
Cooling Type
Ductless
Total Units
8.0
Building Type
Attached
Lot Size Source
Appraiser
LISTING UPDATED: 12/19/2025 05:12 AM

Property Details for 529 South Pine Street

StatusActive
MLS #SC25262675
Days on Market77
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built2025
CountySanta Barbara County

Location

Listing Courtesy of Owen Schwaegerle, Broker, 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-

Payment Calculator

$26,011 per month

30 year fixed, 6.15% Interest

Principal and Interest

$24,345

Property Taxes

$1,666

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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: Dog Park, Hiking, Watersports, Sidewalks, Suburban, Urban
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Appliances: Electric Oven, Electric Range, Electric Cooktop, Electric Water Heater, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Microwave, Refrigerator, Water Heater
  • Equipment: Electric Dryer Hookup, Hookup - Electric, Laundry Area, Laundry Closet Stacked, Microwave, Refrigerator, Stackable W/D Hookup, Washer Hookup
  • Interior Features: 2 Staircases, Formica Counters, Open Floorplan, Wet Bar
  • Room Type: All Bedrooms Up, Family Room, Kitchen, Laundry, Living Room
  • Bedroom Features: All Bedrooms Up
  • Water Heater Features: Electric
  • Laundry: Yes
  • Laundry Features: Common Area, Electric Dryer Hookup, Stackable, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Ductless
  • Heating Type: Ductless, Solar
  • Heat Source: Solar
  • Heating: Ductless, Solar
  • Heat Equipment: Passive Solar
  • Flooring Type: Vinyl
  • Flooring: Vinyl
Exterior Features
  • Window Features: Insulated Windows
  • Construction Materials: Drywall Walls, Stucco
  • 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: 6-10 Units/Acre, Corner Lot, Landscaped
  • 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: Cable Connected, Electricity Connected, Sewer Connected, Water Available
  • 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: 6550
  • 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: 6550
  • 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: 6550
  • 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: 6550
  • 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: 8300
  • 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: 8300
  • 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: 6550
  • 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: 6550
  • 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
Nov 21, 2025

Listed (Active)

CRMLS #SC25262675

$4,995,000—
Nov 21, 2025

Listed (Active)

CRMLS #SC25262493

$4,995,000—
Nov 21, 2025

Listed (Active)

NSBCMLS #25002355

$4,995,000—
Nov 18, 2025

Listed (Active)

SDMLS #SC25262675

$4,995,000—
Nov 18, 2025

Listed (Active)

CLAW #SC25262675MR

$4,995,000—
Jul 29, 2025

Expired

CRMLS #SC25029813

—
Jul 28, 2025

Expired

CLAW #SC25029813MR

$5,700,000—
Jul 28, 2025

Expired

SDMLS #SC25029813

$5,700,000—
Jul 28, 2025

Expired

NSBCMLS #25000435

$5,700,000—
Feb 14, 2025

Listed (Active)

CRMLS #SC25029813

$5,700,000—
Feb 14, 2025

Listed (Active)

NSBCMLS #25000435

$5,700,000—
Jan 28, 2025

Listed (Active)

SDMLS #SC25029813

$5,700,000—
Jan 28, 2025

Listed (Active)

CLAW #SC25029813MR

$5,700,000—
Aug 23, 2021

Sold (Public Record)

Public Record #1473530085

$275,000—
Nov 19, 2019

Sold

CRMLS #PI19165079

$550,000—
Nov 19, 2019

Sold

SDMLS #PI19165079

$550,000—
Nov 19, 2019

Sold

NSBCMLS #19001865

$550,000—
Nov 19, 2019

Sold

CLAW #PI19165079MR

$550,000—
Nov 19, 2019

Sold

NSBCMLS #19001862

$550,000—
Oct 14, 2019

Pending

NSBCMLS #19001865

—
Oct 14, 2019

Pending

CLAW #PI19165079MR

—
Oct 14, 2019

Pending

SDMLS #PI19165079

—
Oct 14, 2019

Pending

CRMLS #PI19165079

—
Oct 14, 2019

Pending

NSBCMLS #19001862

—
Sep 20, 2019

Listed (Active)

SDMLS #PI19165079

$599,000—
Aug 10, 2019

Price Change

CRMLS #PI19165079

$575,000—
Aug 10, 2019

Price Change

NSBCMLS #19001865

$575,000—
Aug 10, 2019

Price Change

NSBCMLS #19001862

$575,000—
Jul 9, 2019

Listed (Active)

CRMLS #PI19165079

$599,000—
Jul 9, 2019

Listed (Active)

CLAW #PI19165079MR

$599,000—
Jul 9, 2019

Listed (Active)

NSBCMLS #19001862

$599,000—
Jul 9, 2019

Listed (Active)

NSBCMLS #19001865

$599,000—
Jan 23, 2019

Expired

CRMLS #PI18205679

$625,000—
Jan 22, 2019

Expired

CLAW #PI18205679MR

—
Jan 9, 2019

Permanently Off Market

NSBCMLS #18002484

$625,000—
Oct 19, 2018

Expired

SDMLS #PI18205679

—
Sep 17, 2018

Price Change

CRMLS #PI18205679

$625,000—
Aug 23, 2018

Listed (Active)

SDMLS #PI18205679

$650,000—
Aug 22, 2018

Listed (Active)

CRMLS #PI18205679

$650,000—
Aug 22, 2018

Listed (Active)

CLAW #PI18205679MR

$650,000—
Aug 22, 2018

Listed (Active)

NSBCMLS #18002484

$650,000—
DateEvent & SourcePrice
11/21/2025

Listed (Active)

CRMLS #SC25262675

$4,995,000
11/21/2025

Listed (Active)

CRMLS #SC25262493

$4,995,000
11/21/2025

Listed (Active)

NSBCMLS #25002355

$4,995,000
11/18/2025

Listed (Active)

SDMLS #SC25262675

$4,995,000
11/18/2025

Listed (Active)

CLAW #SC25262675MR

$4,995,000
07/29/2025

Expired

CRMLS #SC25029813

—
07/28/2025

Expired

CLAW #SC25029813MR

$5,700,000
07/28/2025

Expired

SDMLS #SC25029813

$5,700,000
07/28/2025

Expired

NSBCMLS #25000435

$5,700,000
02/14/2025

Listed (Active)

CRMLS #SC25029813

$5,700,000
02/14/2025

Listed (Active)

NSBCMLS #25000435

$5,700,000
01/28/2025

Listed (Active)

SDMLS #SC25029813

$5,700,000
01/28/2025

Listed (Active)

CLAW #SC25029813MR

$5,700,000
08/23/2021

Sold (Public Record)

Public Record #1473530085

$275,000
11/19/2019

Sold

CRMLS #PI19165079

$550,000
11/19/2019

Sold

SDMLS #PI19165079

$550,000
11/19/2019

Sold

NSBCMLS #19001865

$550,000
11/19/2019

Sold

CLAW #PI19165079MR

$550,000
11/19/2019

Sold

NSBCMLS #19001862

$550,000
10/14/2019

Pending

NSBCMLS #19001865

—
10/14/2019

Pending

CLAW #PI19165079MR

—
10/14/2019

Pending

SDMLS #PI19165079

—
10/14/2019

Pending

CRMLS #PI19165079

—
10/14/2019

Pending

NSBCMLS #19001862

—
09/20/2019

Listed (Active)

SDMLS #PI19165079

$599,000
08/10/2019

Price Change

CRMLS #PI19165079

$575,000
08/10/2019

Price Change

NSBCMLS #19001865

$575,000
08/10/2019

Price Change

NSBCMLS #19001862

$575,000
07/09/2019

Listed (Active)

CRMLS #PI19165079

$599,000
07/09/2019

Listed (Active)

CLAW #PI19165079MR

$599,000
07/09/2019

Listed (Active)

NSBCMLS #19001862

$599,000
07/09/2019

Listed (Active)

NSBCMLS #19001865

$599,000
01/23/2019

Expired

CRMLS #PI18205679

$625,000
01/22/2019

Expired

CLAW #PI18205679MR

—
01/09/2019

Permanently Off Market

NSBCMLS #18002484

$625,000
10/19/2018

Expired

SDMLS #PI18205679

—
09/17/2018

Price Change

CRMLS #PI18205679

$625,000
08/23/2018

Listed (Active)

SDMLS #PI18205679

$650,000
08/22/2018

Listed (Active)

CRMLS #PI18205679

$650,000
08/22/2018

Listed (Active)

CLAW #PI18205679MR

$650,000
08/22/2018

Listed (Active)

NSBCMLS #18002484

$650,000

For completeness, Compass 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
Public - K to 6
Public - 7 to 8
Public - 9 to 12
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.

Similar Homes

Similar Sold Homes

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 Owen Schwaegerle, Broker, it's currently listed at $4,995,000. It has been on the market for a total of 77 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 Owen Schwaegerle, Broker, Owen Schwaegerle, DRE #02040597

Based on information from one of the following Multiple Listing Services: Santa Barbara 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 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.