529 S Pine Street

Santa Maria, CA 93458

  • 0 Bed(s)
  • 0 Bath(s)
  • 12,770 Sqft
  • 18060
    Sqft(Lot)
$5,700,000

Description

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. the area is also located along historic route 101 and perfectly located between san luis obispo and santa barbara. it offers the best of central coast living with its beautiful weather, friendly community, and endless opportunities for outdoor adventure. enjoy stunning beaches, world-class wineries, excellent colleges and a thriving local economy.



shown by appointment only.

  • Property Type

    Residential Income

  • County

    Santa Barbara

  • Style

    Modern

  • AD ID

    48628691

Sell a home like this and save $341,501 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Shingle
    • Interior Features: Wet Bar,Laminate Counters,Multiple Staircases,Open Floorplan,All Bedrooms Up
    • Windows: Insulated Windows
    • Property Appliances: ENERGY STAR Qualified Appliances,ENERGY STAR Qualified Water Heater,Electric Cooktop,Electric Oven,Electric Range,Electric Water Heater,Microwave,Refrigerator,Water Heater
    • Fireplace: None
    • Flooring: Vinyl

    Cooling Features

    • Ductless
    • Air Conditioning

    Heating Source

    • Ductless,Solar
    • Has Heating

    Energy

    • Green Energy: Appliances,Water Heater

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 2025
    • Building Area Total: 12,770
    • Construction: Drywall,Stucco
    • Roof: Shingle

    Pool Features

    • None

    Laundry Features

    • Common Area,Washer Hookup,Electric Dryer Hookup,Stacked

    Fencing

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.4146
    • Lot Size Source: Appraiser
    • Lot Size Square Feet: 18060

  • Listing Price Information

    • Original List Price: 5,700,000
    • Listing Contract Date: 2025-01-28

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 123131014

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: SMIA - Santa Maria
    • Postal Code Plus 4: 3718
    • Directions: This property is located at the corner of S Pine and W Boone
    • Zoning: R3
    • Source Property Type: Residential Income
    • Area: SMIA - Santa Maria
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 0
    • Common Walls: 2+ Common Walls
    • Property Condition: Under Construction
    • Structure Type: Apartment
    • Year Built Source: Builder
    • Entry Level: 1
    • Entry Location: Ground
    • Property Attached: Yes
    • Levels or Stories: Three Or More
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Message allows only 500 character
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 02/22/2025 @ 13:20

  • MLS: SC25029813
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 12,770 sqft, 18,060 sized lot, and 6 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Maria , in zip code 93458, this Santa Barbara County Home are nearby neighborhoods.