There are multiple listings for this address:
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.
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.
Property Details
Price:
$4,995,000
MLS #:
SC25262493
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Multi Family
Neighborhood:
smiasantamaria
Listed Date:
Nov 21, 2025
Total Sq Ft:
12,770
Lot Size:
18,060 sqft / 0.41 acres (approx)
Year Built:
2025
See this Listing
Schools
Interior
Cooling
DUC
Heating
SO, DUC
Laundry Features
AR, ELC, STK, WH
Exterior
Construction Materials
STC, DWAL
Fencing
NO
Parking Spots
2
Parking Total
2
Roof
SHN
Financial
Maintenance Fee
$3,000
Map
Community
- Address529 S Pine ST Santa Maria CA
- CitySanta Maria
- CountySanta Barbara
- Zip Code93458
Market Summary
Current real estate data for Commercial in Santa Maria as of Apr 24, 2026
17
Commercial Listed
254
Avg DOM
$3,692,676
Avg List Price
Property Summary
- 529 S Pine ST Santa Maria CA is a Commercial for sale in Santa Maria, CA, 93458. It is listed for $4,995,000
Similar Listings Nearby
Courtesy of The Schwaegerle Team. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The California Company include the name of the listing broker. Neither the listing company nor The California Company shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 529 S Pine ST
Santa Maria, CA
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.
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.
Property Details
Price:
$4,995,000
MLS #:
SC25262675
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Multi Family
Neighborhood:
smiasantamaria
Listed Date:
Nov 21, 2025
Total Sq Ft:
12,770
Lot Size:
18,060 sqft / 0.41 acres (approx)
Year Built:
2025
See this Listing
Schools
Interior
Cooling
DUC
Heating
SO, DUC
Laundry Features
AR, ELC, STK, WH
Exterior
Construction Materials
STC, DWAL
Fencing
NO
Parking Spots
2
Parking Total
2
Roof
SHN
Financial
Maintenance Fee
$3,000
Map
Community
- Address529 S Pine ST Santa Maria CA
- CitySanta Maria
- CountySanta Barbara
- Zip Code93458
Subdivisions in Santa Maria
Market Summary
Current real estate data for Single Family in Santa Maria as of Apr 24, 2026
17
Single Family Listed
254
Avg DOM
$3,692,676
Avg List Price
Property Summary
- 529 S Pine ST Santa Maria CA is a Single Family for sale in Santa Maria, CA, 93458. It is listed for $4,995,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 2025. The average listing price for Single Family in Santa Maria is $3,692,676.
