Listing Courtesy of: Santa Barbara Association Of Realtors / Century 21 Masters / Andrew "Andy" Adler
1324 N Broadway Santa Maria, CA 93454
Pending (108 Days)
$9,500,000 (USD)
Description
MLS #:
25-2302
25-2302
Lot Size
3.95 acres
3.95 acres
Type
Multifamily
Multifamily
Year Built
1965
1965
County
Santa Barbara County
Santa Barbara County
Listed By
Andrew "Andy" Adler, DRE #01162080 CA, Century 21 Masters
Source
Santa Barbara Association Of Realtors
Last checked Mar 29 2026 at 6:53 PM GMT+0000
Santa Barbara Association Of Realtors
Last checked Mar 29 2026 at 6:53 PM GMT+0000
Bathroom Details
School Information
- Elementary School: Cla
- Middle School: Cla
- High School: Cla
Stories
- 1
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by C21 Masters and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Santa Barbara Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 3/29/26 11:53
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.