1324 Broadway
Santa Maria, CA 93454
Posado Del Sol · Multifamily Property For Sale · 99 Units

Exceptional Workforce Housing or Community Living Opportunity for sale at $9,500,000 or for lease at $100,000 / Month Modified Gross
1324 N. Broadway, Santa Maria, CA
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 Highlights
• 100 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 Amenities
• 7,200 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 Structure
• Modified 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 & Demographics
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.
• 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.
• Affordability Gap – The median home price exceeds $600,000, making rental housing a critical need for many local employees.
• Proximity to Major Employers – 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.
Schedule a Tour Today!
This property is easy to show and ready for immediate occupancy. Contact me today to arrange a private tour and explore this exceptional leasing opportunity.