529 S Pine St

Santa Maria, CA 93458

$4,995,000
Price
42
Beds
—
Baths
12,770 Sq. Ft.
$391 / Sq. Ft.
12,770
Sq. Ft.
$391
per Sq. Ft.
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a front view of a house with yard and parking
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a front view of a house with a yard and garage
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a kitchen with a refrigerator sink and microwave
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a view of kitchen appliances refrigerator microwave and cabinets
a kitchen with a sink a stove a refrigerator and cabinets
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a bathroom with a granite countertop sink and a mirror
a bathroom with a granite countertop sink toilet a large mirror a shower and bathtub
a bathroom with a granite countertop sink toilet and shower
a bathroom with a granite countertop sink toilet and shower
a bathroom with a granite countertop sink toilet and shower
a view of a hallway with washer and dryer
a view of a hallway with washer and dryer
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an empty room with wooden floor and windows
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an empty room with a stove and a window
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an empty room with wooden floor and windows
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a view of an empty room with wooden floor and a window
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a view of a patio with table and chairs potted plants
a view of a house with pool and sitting area
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a front view of a house with a yard
a view of a house with roof deck and sitting area
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an aerial view of a city
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an aerial view of a residential building with an outdoor space and seating area
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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 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.
  1. Listed by Owen Schwaegerle • DRE #02040597 • OC Enterprises
    P: (805)-215-5063 owen@schwaegerleteam.com

Amenities

  • Garage
  • Air Conditioning
  • Solar Heat
  • Fireplace
  • Washer Hookup
  • Parking Included
LISTING UPDATED: 03/31/2026 11:30 PM

Property Details for 529 South Pine Street

StatusActive
MLS #25002355
Days on Market180
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Multi Family
Year Built2025
Lot Size0.41 AC / 18,060 SF
CountySanta Barbara County
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Location

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

Stories-Residences8Year Built2025Building Size-Lot Size0.41 AC / 18,060 SF

Payment Calculator

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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

The Payment Calculator is for illustrative purposes only.

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Property Information for 529 South Pine Street

Summary
Location and General Information
  • Zoning Description: Res Multi-Family
  • MLSArea Major: 15 - SM Southwest
  • Latitude: 34.947384
  • Longitude: -120.439383
  • MLSArea Minor: 15 - SM Southwest
  • Zone Description: Res Multi-Family
Taxes and HOA
  • Association Fee: $0
  • Parcel Number: 123131014
Parking
  • Parking Features: Covered, Garage, Street
  • Parking: Street, Covered, Garage
Property
Lot Information
  • Lot Size Source: Tax Records
  • Lot Size Square Feet: 18060.0
  • Lot Size Acres: 0.41
  • Building Area Source: Appraiser
  • Building Area Total: 12770.0
  • Lot Size Area: 0.41
  • Lot Size Units: Acres
Property and Assessments
  • Site Improvements: Sidewalks
  • Reports Available: None
  • Owner Phone: 805-776-3036
  • Possession: Close Of Escrow, Negotiable
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Year Built: 2025
  • Property Sub Type: Multi Family
Utilities
  • Water Source: Public
  • Sewer: Public Sewer
  • Electric: True
  • Water: Public
  • Separate Meters: Electric, Gas
Multi Family
Income & Expenses
  • Income Source: Projected
Multi Family Information
  • Number Of Units Total: 8
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
  • Foundation Details: Slab, None
  • Community Features: Sidewalks
  • Roof Description: Shingle
Interior Features
  • Laundry Features: Common, Electric Dryer Hookup, Washer Hookup
  • Cooling: Other
  • Heating: Solar
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling YN: Yes
  • Heating YN: Yes
  • Bedrooms Total: 42
  • Foundation: Slab
  • Laundry: Common, Electric Dryer Hookup, Washer Hookup
  • Additional Heating: Solar
  • Air Conditioning: Other
Rental
Rent Information
  • Occupant Name: na

Property History for 529 South Pine Street

DateEvent & SourcePriceAppreciation
May 19, 2026

Permanently Off Market

CLAW #SC25262675MR

—
May 19, 2026

Permanently Off Market

SDMLS #SC25262675

$4,995,000—
May 19, 2026

Permanently Off Market

CRMLS #SC25262493

$4,995,000—
DateEvent & SourcePrice
05/19/2026

Permanently Off Market

CLAW #SC25262675MR

—
05/19/2026

Permanently Off Market

SDMLS #SC25262675

$4,995,000
05/19/2026

Permanently Off Market

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 December 5, 2025 by OC Enterprises, it's currently listed at $4,995,000. It has been on the market for a total of 180 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, 0-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 OC Enterprises, 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.