529 S Pine Street, Santa Maria, CA 93458 - Berkshire Hathaway HomeServices California Properties

529 S Pine Street, Santa Maria, CA 93458

$5,700,000 Approx. USD 42 beds, 0 baths
12,770 sqft

Listing Agent


Owen Schwaegerle | owen.schwaegerle@kw.com
Lic#: 02040597
Broker: Courtesy of Keller Williams Realty Central Coast

Agent Remarks

Are you looking for a high-yield, cash-flowing opportunity? This innovative co-living property is designed for maximum rental income and strong returns. This project has gone through several years of planning, approvals, and construction and is finally near completion! Each of the units is designed for high occupancy, on a rent-by-the-room basis. There are 6 five bedroom units and 2 six bedroom units for a total of 42 bedrooms! The individual rooms have smart locks with combo codes to allow for individual living arrangements. There are shared bathrooms and a kitchen for a communal, dorm-style living experience. This is the way to optimize your rental rate on a square footage basis. Developer's projected monthly income is 48,500, which would yield 582,000 gross per year! Property is located in an ''Opportunity Zone'' that offer strategic tax advantages to developers and investors, minimizing capital gains taxes. If you are seeking a value-add opportunity and an investment project that will set you up with passive income upon completion, this is it! Conveniently located near Hancock College and Vandenberg Space Force Base. The local universities provide not only a pipeline of well educated employees for local employers but also a source of inelastic demand for local apartments. Shown by appointment only.

Listing Details

Property type: Multi-Family (Multi-Family)
Status: Active
MLS# 25000435
Price: $5,700,000
Beds: 42
Baths: 0
Built in 2025
12,770 sqft
0.41 acres
County: Santa Barbara
Heating description: Forced Air
MLS area: 15 - SM Southwest

Last Updated: 3/15/2025

 Days On Market (DOM): 131

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This listing belongs to the 15 - SM Southwest MLS area

Lat/Long: 34.947381, -120.439367.
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Source: NSB. Also Available in SC25029813, SC25029813,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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