1324 N Broadway Santa Maria, CA 93454
Donovan Park NeighborhoodEstimated payment $59,287/month
Highlights
- 3.95 Acre Lot
- Furnished
- 1-Story Property
About This Home
Exceptional Workforce Housing or Community Living Opportunity is for sale at 1324 N. Broadway in Santa Maria, CA. (This property is also available for lease at $100K / month. See MLS #25-965 or CLA.)
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $104,060
Year Built
- Built in 1965
Lot Details
- 3.95 Acre Lot
Interior Spaces
- 1-Story Property
- Furnished
Schools
- Cla Elementary And Middle School
- Cla High School
Community Details
- 100 Units
Listing and Financial Details
- Assessor Parcel Number 121-031-024
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $104,060 | $8,305,153 | $4,137,485 | $4,167,668 |
| 2023 | $104,060 | $7,985,179 | $3,976,822 | $4,008,357 |
| 2022 | $99,802 | $7,829,883 | $3,898,846 | $3,931,037 |
| 2021 | $96,678 | $7,677,632 | $3,822,399 | $3,855,233 |
| 2020 | $2,698 | $185,711 | $185,711 | $0 |
| 2019 | $2,658 | $182,070 | $182,070 | $0 |
| 2018 | $2,614 | $178,500 | $178,500 | $0 |
| 2017 | $2,806 | $158,436 | $158,436 | $0 |
| 2016 | $1,736 | $155,330 | $155,330 | $0 |
| 2014 | $2,677 | $246,865 | $246,865 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | Pending | -- | -- | -- |
| 08/11/2025 08/11/25 | Under Contract | -- | -- | -- |
| 06/12/2025 06/12/25 | For Sale | $9,500,000 | 0.0% | -- |
| 03/07/2025 03/07/25 | For Rent | $100,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $800,000 | Fidelity National Title Co | |
| Grant Deed | -- | Fidelity National Title Co | |
| Grant Deed | $235,000 | Chicago Title Company | |
| Grant Deed | $110,000 | Lawyers Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,600,000 | New Conventional | |
| Closed | $4,500,000 | Commercial | |
| Previous Owner | $162,500 | Purchase Money Mortgage |
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-2302
APN: 121-031-003
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