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504 S Broadway
Santa Maria, CA 93454
36 Studio Apartments & 11 Retail/Office Units · Multifamily Property For Sale
·
47 Units
Property Facts
| No. Units | 47 | Lot Size | 0.70 AC |
| Property Type | Multifamily | Building Size | 15,936 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1960/2017 |
| Zoning | Mixed-Use Commercial | ||
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.70 AC |
| Building Size | 15,936 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2017 |
| Zoning | Mixed-Use Commercial |
Amenities
Unit Amenities
- Ceiling Fans
- Vaulted Ceiling
- Refrigerator
- Vinyl Flooring
Site Amenities
- Laundry Facilities
About 504 S BROADWAY , SANTA MARIA, CA 93454
Rare opportunity to acquire a 47 unit commercial and residential asset of this size in the heart of downtown Santa Maria. This live/work building is ideal for young professionals. Nearby amenities, most within walking distance, include Towne Center Mall, Edwards Santa Maria 14, Fair Oaks Theatre, Starbucks, Trader Joe's, Whole Foods, Santa Maria Swim Club, Santa Maria Public Library, restaurants and so much more. This property was originally operated as a motel and converted into offices and now has been completely renovated into 36 studio efficiency apartments with 11 retail/commercial spaces which can also be converted into residential units, offering tremendous upside potential to rental income. Everything has been upgraded, and a beautiful new facade with stone and tile work has transformed the building with Spanish style! All utilities are also included in the rent. All of this makes this property extremely desirable to potential tenants.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 47 | - | - |
Property Taxes
| Parcel Number | 125-101-011 | Improvements Assessment | $1,122,095 |
| Land Assessment | $532,705 | Total Assessment | $1,654,800 |
Property Taxes
