1324 N Broadway Santa Maria CA 93454 MLS #V1-29532

  1. ca
  2. santa-maria
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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.

Property Details

Interior

Appliances
Gas Water Heater
Cooling
None
Fireplace Features
None
Heating
Wall Furnace

Exterior

Community Features
Biking, Sidewalks, Street Lights, Storm Drains, Curbs
Fencing
Average Condition
Garage Spaces
0.00
Lot Features
Sprinklers None
Parking Spots
20.00
Pool Features
None
Sewer
Conventional Septic
Spa Features
None
Stories Total
1
View
Mountain(s)
Water Source
Public

Financial

Association Fee
0.00

Santa Maria Neighborhoods

Courtesy of Century 21 Masters. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
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