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1324 N Broadway, SANTA MARIA, CA 93454

$9,500,000
Property Type: Res Inc Lot Size (sq. ft.): 172,062 Status: Pending
Current Price: $9,500,000 List Date: 6/12/2025 Last Modified: 2/10/2026

Description

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

Supplements: 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.

More Information MLS# 25-2302

Location Info

Country: US Compass Map: Santa Maria Map Grid: 6C Cross Street: Donovan District: 60 - SANTA MARIA Street #: 1324 Dir: N Street Name: Broadway State: CA Postal Code: 93454 County: Santa Barbara Parcel Number: 121-031-024

Contract Info

Seller Consider Concessions: No Current Price: $9,500,000 Price: 9500000 Begin Date: 2025-06-12 Status: Pending

Property Information

Year Built: 1965 Stories: 1 Apx # Acres: 3.95 Recurring Fees: No Number of Units: 100

Neighborhood/Schools

Elementary School: CLA Junior High School: CLA High School: CLA

Owner Info

Deposit: 100000

Remarks

Hot Sheet Comment: new

Unit 1

# Units: 100 # Bedrooms: 100 # Baths: 100 # Half Baths: 0 Furnished: Y Rent: 0 Monthly Total: 0

Zoning

C-2: 1

Terms

Cash: 1 OMC 2nd: 1 OTHER/CLA: 1

Listing Type

ER: 1

Contingent Remarks

HOME INSPECTN: 1 LOAN APPROVAL: 1 REPORTS: 1 OTHER: 1

Status Information

Under Contract Date: 2025-08-11

Property Features

Zoning: C-2 Terms: Cash; OMC 2nd; OTHER/CLA Listing Type: ER Contingent Remarks: HOME INSPECTN; LOAN APPROVAL; REPORTS; OTHER
Listing Office: Century 21 Masters
IDX
Last Updated: February - 10 - 2026
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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