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Listed by Andy Adler • Century 21 Masters
$ 9,500,000
Est. payment | /mo
3 Sqft Lot
$ 9,500,000
Est. payment | /mo
3 Sqft Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRV1-29532
Year Built 1965
Lot Size 3 Sqft
Source California Regional MLS
Property Description
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 provid
Location
State CA
County Santa Barbara
Area Smia - Santa Maria
Rooms
Kitchen Other
Interior
Heating Wall Furnace
Cooling None
Laundry Laundry Area, Community Facility
Exterior
Garage Spaces 20.0
Pool 31, None
View Hills
Building
Story One Story
Sewer Septic Tank / Pump
Water District - Public
Others
Tax ID 121031024
Special Listing Condition Not Applicable
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Drew Reid
REALTOR® | Lic# 01332884