Property Details
Upcoming Open Houses
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, 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 prop
MLS Listing Information
MLS #
CRSC25262675
MLS Source
California Regional MLS
Days on Site
130
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.
©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of March 25, 2026. For the most current information, please contact Owen Schwaegerle
