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1324 N Broadway, 
Santa Maria, CA 93454

$9,500,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Andrew Adler

Jorge Deleon

Century 21 Masters

eXp Realty Of California Inc.

Last updated:

June 14, 2025, 02:35 PM

MLS#

25-2302

Source:

SBAOR

About This Home

1324 N Broadway

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.

Home Facts

Multi-Family

Built in 1965

Price Summary

9,500,000

MLS #:

25-2302

Last Updated:

June 14, 2025, 02:35 PM

Added:

4 day(s) ago


Structure

Structure

Year Built:

1965


Lot

Lot Size (Sq. Ft):

172,062


Finances & Disclosures

Finances

Price:

$9,500,000

Source:SBAOR
Based on information from the Santa Barbara MLS as of June 16, 2025 Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.