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1324 N Broadway, Santa Maria, CA 93454

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For Sale
Sale Pending

$9,500,000

100 beds • 100 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

Exceptional Workforce Housing or Community Living Opportunity is for sale at 1324 N. Broadway in Santa Maria, CA. (This property is also available for lease at $100K / month. See MLS #25-965 or CLA.) This 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. Other considerations would be for a boutique hotel, senior living, or multifamily housing. Currently vacant, and with a range of on-site amenities, this turn-key property is ready to accommodate a variety of tenant needs. Property highlights 100 cottages with a mix of studio and larger units, each offering 2 to 4+ beds per room. Approximately 350 beds in total Each room is currently equipped with tv's, beds, dressers, and blankets to facilitate immediate occupancy. New roofs have been installed on all units. New copper plumbing and sewer lines. Owner has plans for kitchenette installations in units to enhance livability. This property is vacant and available for immediate tenancy. There's a ~7,200 SF restaurant / kitchen and meeting hall offering a spacious dining and event space that's ideal for communal meals, training sessions, or organizational gatherings. A soccer field, volleyball courts, and a playground provide ample space for leisure and physical activity. 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. Santa Maria has over 110,000 residents, with a steady annual increase. Santa Maria is home to a large workforce, including farmworkers, service industry employees, and healthcare professionals who require accessible housing options. The median home price exceeds $600,000, making rental housing a critical need for many local employees. This property is convenient access to regional employment hubs, ensuring a steady demand for workforce accommodations. This is a rare opportunity to secure a fully equipped, large-scale housing solution in a prime Santa Maria location. This property is easy to show and ready for immediate occupancy. Contact listing agents today to arrange your private tour and explore this exceptional multifamily opportunity.
MLS# 25-2302

Courtesy Of Century 21 Butler Realty, Inc

(805) 563-2121

Property Features

  • Age
    Over 50 Years Old
  • Lot Size
    3.95 Acres

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.