1324 N. N Broadway
Santa Maria, CA 93454
- – beds
- – baths
- – sqft
- ~4 acre lot
- 1965 build
- – on site
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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Last updated Apr 24, 2025
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MLS# V1-29532 —
The Building
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Year Built:1965
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Year Built Source:Estimated
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New Construction:No
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Building Area Total:47000.00
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Total Number Of Units:100
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# of Buildings:11
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Stories Total:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:2
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# of Separate Water Meters:2
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# of Separate Electric Meters:2
Interior
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Levels:One
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Fireplace:No
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Fireplace:None
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Laundry:Community, Common Area
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Laundry:1
Location
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Directions:101 Fwy to Donovan in Santa Maria. Go east on Donovan to Broadway, turn left, and property is on the left. You will see the sign. The restaurant is in the front and the 100 cottages are in the rear.
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Latitude:34.96635900
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Longitude:-120.43204000
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:Commercial with Motel Use
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Lot Features:Sprinklers None
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Lot Size Area:3.9500
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Lot Size Acres:3.9500
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Lot Size SqFt:172062.00
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Lot Size Source:Public Records
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View:1
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View:Mountain(s)
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Fencing:Average Condition
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Fence:Yes
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Property Attached:1
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:121031024
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Sewer:Conventional Septic
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Water Source:Public
Appliances
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Appliances:Gas Water Heater
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Included:Yes
The Community
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Subdivision:Not Applicable
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Subdivision:Not Applicable
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Features:Biking, Sidewalks, Street Lights, Storm Drains, Curbs
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Inclusions:All furniture and fixtures onsite.
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
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Assessments:None
Parking
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Parking:Yes
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Parking Spaces:20.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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4/24/25
Apr 24, 2025
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Listed / Active | CRMLS_CA | $9,500,000 |
