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$9,500,000
Est. payment /mo
47,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 47,000 sqft
Price per Sqft $202
MLS Listing ID CRV1-29532
HOA Y/N No
Year Built 1965
Lot Size 3.950 Acres
Acres 3.95
Property Sub-Type Other
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
Zoning Comm
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Gas Water Heater
Laundry Common Area, Other
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View Mountain(s)
Building
Lot Description Other
Water Other
New Construction No
Others
Tax ID 121031024
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Listed by Andy Adler • Century 21 Masters