1324 N Broadway , Santa Maria, CA 93454

  • $100,000
1324 N Broadway , Santa Maria, CA 93454
Active Updated/Remodeled
1324 N Broadway , Santa Maria, CA 93454
1324 N Broadway , Santa Maria, CA 93454
  • $100,000

Description

Exceptional Workforce Housing or Community Living Opportunity at1324 N. Broadway, Santa Maria. For lease at $100,000 / month on a modified gross basis. See Offering Memorandum attached in ‘Documents’.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. With flexible leasing options and a range of on-site amenities, this turn-key property is ready to accommodate a variety of tenant needs.Property Highlights100 Ground-level 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 StructureModified Gross Lease – Owner covers property taxes and insurance; tenants are responsible for utilities and property management.Flexible Terms – Negotiable lease terms to accommodate tenant needs.Santa Maria Workforce Housing Demand & DemographicsSanta 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.

  • Address 1324 N Broadway
  • City Santa Maria
  • State/county CA
  • Zip/Postal Code 93454
  • Area Not Applicable
  • Country US

Details

Updated on March 18, 2025 at 7:14 pm
  • Property ID: V1-28554
  • Price: $100,000
  • Land Area: 3.95 Acres
  • Garage Size: x x
  • Year Built: 1965
  • Property Type: Mixed Use, Residential Lease
  • Property Status: Active

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