529 S Pine St Santa Maria, CA 93458
Santa Maria West NeighborhoodEstimated payment $27,812/month
Highlights
- Under Construction
- 0.41 Acre Lot
- Dual Staircase
- City Lights View
- Open Floorplan
- 5-minute walk to Buena Vista Park
About This Home
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.
Listing Agent
Owen Schwaegerle, Broker Brokerage Phone: 805-215-5063 License #02040597 Listed on: 11/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,390
Year Built
- Built in 2025 | Under Construction
Lot Details
- 0.41 Acre Lot
- Two or More Common Walls
- Landscaped
- Corner Lot
- Density is 6-10 Units/Acre
Parking
- 6 Car Garage
- 2 Carport Spaces
Property Views
- City Lights
- Neighborhood
- Courtyard
Home Design
- Modern Architecture
- Apartment
- Entry on the 1st floor
- Fire Rated Drywall
- Shingle Roof
- Stucco
Interior Spaces
- 12,770 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Wet Bar
- Dual Staircase
- Insulated Windows
- Family Room
- Living Room
- Vinyl Flooring
Kitchen
- Electric Oven
- Electric Cooktop
- Microwave
- ENERGY STAR Qualified Appliances
- Formica Countertops
Bedrooms and Bathrooms
- 42 Bedrooms
- All Upper Level Bedrooms
- 16 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Eco-Friendly Details
- Solar Heating System
Location
- Urban Location
- Suburban Location
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- ENERGY STAR Qualified Water Heater
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 6 / D
- Assessor Parcel Number 123131014
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 8 Units
- Built by Joe Halsell
Amenities
- Laundry Facilities
Recreation
- Dog Park
- Water Sports
- Hiking Trails
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- Gardener Expense $1,800
- Insurance Expense $10,800
- Maintenance Expense $3,000
- Other Expense $12,000
- Professional Management Expense $40,248
- Water Sewer Expense $42,000
- New Taxes Expense $57,000
- Operating Expense $151,248
- Gross Income $670,800
- Net Operating Income $486,012
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,390 | $1,653,034 | $382,034 | $1,271,000 |
| 2023 | $19,390 | $857,200 | $367,200 | $490,000 |
| 2022 | $7,938 | $600,000 | $360,000 | $240,000 |
| 2021 | $7,309 | $555,697 | $252,589 | $303,108 |
| 2020 | $6,111 | $550,000 | $250,000 | $300,000 |
| 2019 | $1,006 | $88,138 | $39,426 | $48,712 |
| 2018 | $915 | $86,410 | $38,653 | $47,757 |
| 2017 | $903 | $84,717 | $37,896 | $46,821 |
| 2016 | $863 | $83,056 | $37,153 | $45,903 |
| 2014 | $808 | $80,208 | $35,879 | $44,329 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/21/2025 11/21/25 | For Sale | $4,995,000 | +808.2% | $391 / Sq Ft | |
| 11/19/2019 11/19/19 | Sold | $550,000 | -- | $212 / Sq Ft | View Prior Sale |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $500,000 | None Listed On Document | |
| Grant Deed | $275,000 | First American Title | |
| Grant Deed | $550,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | None Available | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $3,715,000 | Construction | |
| Previous Owner | $495,000 | Construction |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SC25262675
APN: 123-131-014
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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