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$100,000

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47,200 SqFt

Pending

1324 N Broadway Santa Maria, CA 93454

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Rent

Square Footage 47,200 sqft

MLS Listing ID V1-28554

Construction Status Updated/Remodeled

HOA Y/N No

Rental Info Negotiable

Year Built 1965

Lot Size 3.950 Acres

Property Sub-Type Mixed Use

Property 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.

Location

State CA

County Santa Barbara

Area Smia - Santa Maria

Rooms

Other Rooms Gazebo

Interior

Interior Features Furnished, See Remarks, All Bedrooms Down

Heating Wall Furnace

Cooling None

Fireplaces Type None

Inclusions All furniture and fixtures are included in the lease, This includes beds, blankets, dressers, lighting, etc. Units are ready for immediate occupancy.

Furnishings Furnished

Fireplace No

Exterior

Parking Features Other

Pool None

Community Features Dog Park

View Y/N No

View None

Roof Type Shingle

Accessibility See Remarks

Porch Concrete

Private Pool No

Building

Lot Description Sprinklers None

Dwelling Type Hotel/Motel,Mixed Use,Office

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Additional Building Gazebo

Construction Status Updated/Remodeled

Schools

Elementary Schools Bonita

Middle Schools Adams

High Schools Santa Maria

Others

Pets Allowed Call

Senior Community Yes

Tax ID 121031024