1324 N. N Broadway, Santa Maria, CA 93454
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1324 N. N Broadway,Santa Maria, CA 93454
$9,500,000
- - Beds
- - Baths
- 47,000 sq. ft.
- Multi-family
- Pending
Listed by:andy adler
Office:century 21 masters
MLS#:V1-29532
Source:CRMLS
Price summary
- Price:$9,500,000
- Price per sq. ft.:$202.13
About this home
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.
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Home facts
- Year built:1965
- Listing ID #:V1-29532
- Added:153 day(s) ago
- Updated:September 26, 2025 at 07:31 AM
Rooms and interior
- Living area:47,000 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1965
- Building area:47,000 sq. ft.
- Lot area:3.95 Acres
Utilities
- Water:Public
- Sewer:Septic Tank
Finances and disclosures
- Price:$9,500,000
- Price per sq. ft.:$202.13
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