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Highlights
- On-site amenities
- Outdoor recreation
- Senior living facilities
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Apartment Amenities
Furnished |
Grounds
Outdoor Space |
Services
On-Site Management |
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Lease terms | 1+ month |
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Exceptional Workforce Housing or Community Living Opportunity at1324 N. Broadway, Santa Maria. For lease at $100,000 / month on a modified gross basis. See Offering Memorandum attached in 'Documents'.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 Highlights100 Ground-level 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 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 StructureModified 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 & DemographicsSanta 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.
How 1324 N Broadway compares to other nearby properties.
Positives
Considerations
Neighborhood | Donovan Park |
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Zip code | 93454 |
Type | Apartment for rent |
One of a kind
We weren’t able to find any similar properties nearby.
studio apartments at 1324 N Broadway cost about 6150% more than the average rent price for studio apartments in Santa Maria.
Month | Median Rent |
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September 2023 | $1,695 |
October 2023 | $1,691 |
November 2023 | $1,331 |
December 2023 | $1,534 |
January 2024 | $1,600 |
February 2024 | $1,550 |
March 2024 | $1,468 |
April 2024 | $1,459 |
May 2024 | $1,465 |
June 2024 | $1,450 |
July 2024 | $1,468 |
August 2024 | $1,489 |
September 2024 | $1,510 |
October 2024 | $1,421 |
November 2024 | $1,754 |
December 2024 | $1,806 |
January 2025 | $1,612 |
February 2025 | $1,637 |
March 2025 | $1,570 |
April 2025 | $1,593 |
May 2025 | $1,510 |
June 2025 | $1,725 |
July 2025 | $1,630 |
August 2025 | $1,600 |
September 2025 | $1,600 |
Last month | $100,000 |
700 e vickie ave
santa maria, CA, 93454
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