1324 N. N Broadway, Santa Maria, CA 93454 - Berkshire Hathaway HomeServices California Properties

1324 N. N Broadway, Santa Maria, CA 93454

$9,500,000 Approx. USD 0 beds, 0 baths

Listing Agent


Andrew Adler | z97andy@gmail.com
Lic#: 01162080
Broker: Courtesy of Century 21 Masters

Agent Remarks

Exceptional Workforce Housing or Community Living Opportunity.1324 N. Broadway, Santa Maria, CAThis unique 4-acre property, featuring 100 fully-furnished cottages, is ideally suited for workforce housing, educational institutions, religious organizations, senior living facilities, or other large-scale community uses. For sale at $9.5MIL or for lease at $100K / month modified gross lease, this turn-key property is ready to accommodate a variety of tenant needs.Property Highlights100 Cottages - A mix of studio and larger units, each offering 2 to 4+ beds per room, providing approximately 300++ beds in total.Fully Furnished - Each room is currently equipped with beds, dressers, and blankets to facilitate immediate occupancy.Planned Upgrades - Owner has submitted permits for kitchenette installations in each unit to enhance livability.Recent Improvements - New roofs have been installed on all units.Vacant and Move-in Ready - No delays--this property is available for immediate tenancy.On-Site Amenities7,200 SF Restaurant & Meeting Hall - A spacious dining and event space, ideal for communal meals, training sessions, or organizational gatherings. Owner is open to bringing the restaurant up to code as needed.Outdoor Recreation - A soccer field, volleyball courts, and a playground provide ample space for leisure and physical activity.Food Service Flexibility -While the restaurant space is currently non-operational, food trucks have historically served the location daily and nightly, offering convenient meal options for residents. The owner is willing to bring the restaurant up to code.Lease StructureFor Sale at $9.5MIL ($95K / unit) or for lease on a Modified Gross Lease basis - Owner covers property taxes and insurance; tenants are responsible for utilities and property management.Santa Maria Workforce Housing Demand & Demographics:Santa Maria is one of California's fastest-growing cities, with a strong demand for affordable workforce housing driven by key industries such as agriculture, manufacturing, healthcare, and education.Population Growth - Over 110,000 residents, with a steady annual increase.Workforce Demand - Santa Maria is home to a large workforce, including farmworkers, service industry employees, and healthcare professionals who require accessible housing options.

Listing Details

Property type: Mixed Use (Multi-Family)
Status: Active
MLS# V1-29532
Price: $9,500,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1965
1 story
3.95 acres
Lot size: 3.9500
Subdivision: Not Applicable
County: Santa Barbara
Zoning: Commercial with Motel Use
Appliances: Gas Water Heater
Lot description: Sprinklers None
Heating/cooling: None
Heating description: Wall Furnace
MLS area: SMIA - Santa Maria

Last Updated: 4/24/2025

 Days On Market (DOM): 78

 Find more Santa Maria homes and real estate

 Find more homes in 93454 zip code

This listing belongs to the SMIA - Santa Maria MLS area

 Find more homes in the Not Applicable subdivision

Lat/Long: 34.966359, -120.432040.
Find nearby listings

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.

93454 Area Map

Demographics

Schools

Near by

Similar Listings