About the Listing VV5005 - vc199500143,v211506609

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.

Listing Highlights for 1324 N Broadway

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