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    Santa Maria, CA
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    Santa Maria, CA Apartment Buildings for Sale

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    Nipomo, CA Orcutt, CA Guadalupe, CA
    Furnished Santa Maria Workforce Housing
    $9,500,000
    3.95 Acres
    Furnished Santa Maria Workforce Housing

    1324 N Broadway, Santa Maria, CA 93454

    Four-acre property with 100 cottages, ideal for workforce housing.
    • 100 fully‑furnished cottages with ~350 beds, ready for immediate occupancy, ideal for workforce housing or community living.
    • ~7,200 SF restaurant/kitchen and meeting hall for communal dining, training, and events.
    • Located in Santa Maria, CA, a fast‑growing city with high demand for affordable workforce housing.
    • 4‑acre property with amenities including a soccer field, volleyball courts, and a playground.
    • New roofs, copper plumbing, and sewer lines installed.
    Updated: Jun 12, 2025
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    Santa Maria Multifamily Rehab Opportunity
    $1,198,000
    12,300 SF
    Santa Maria Multifamily Rehab Opportunity

    1015 Russell, Santa Maria, CA 93458

    15-unit apartment building in Santa Maria, CA. Rehab potential.
    • Opportunity to build instant equity through a rehab project.
    • Projected 7.2% return on investment after rehabilitation and stabilization.
    • Estimated net operating income of $104,910 upon stabilization.
    • 15 Units: Includes a 2‑bedroom owner's unit and fourteen 1‑bedroom units.
    • Gross rental income potential of approximately $161,400.
    Updated: Nov 21, 2025
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    Furnished Cottages in Santa Maria
    $100,000
    Furnished Cottages in Santa Maria

    100 furnished cottages suitable for workforce or community housing.

    1324 N Broadway, Santa Maria, CA 93454

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    Santa Maria Multifamily Investment Opportunity
    $3,500,000
    7,950 SF
    Santa Maria Multifamily Investment Opportunity

    13-unit multifamily property in Santa Maria with assumable loan.

    127 W Agnes Ave, Santa Maria, CA 93458

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    Mixed-Use Development Land Available
    Contact for pricing
    0.49 Acres
    Mixed-Use Development Land Available

    Land available for mixed-use development, ideal for various businesses.

    S Blosser Rd, Santa Maria, CA

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 5 Active listings in Santa Maria, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Victorian Residence in San Luis Obispo
    $2,900,000
    5,888 SF
    Historic Victorian Residence in San Luis Obispo

    Iconic Victorian residence with income potential in downtown San Luis Obispo.

    687 Islay, San Luis Obispo, CA 93401

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    Oceano Multifamily Investment Opportunity
    $1,800,000
    5,500 SF
    Oceano Multifamily Investment Opportunity

    10-unit multifamily property near the beach in Oceano, California.

    1960 Beach Street, Oceano, CA 93445

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    Historic Allen House Multifamily Property
    $3,895,000
    4,688 SF
    Historic Allen House Multifamily Property

    Renovated 17-bedroom property in San Luis Obispo's Historic Downtown.

    1700 Osos Street, San Luis Obispo, CA 93401

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    Oceano Multifamily Investment Opportunity
    $1,800,000
    0.32 Acres
    Oceano Multifamily Investment Opportunity

    Ten-unit multifamily property near Central Market and Oceano beach.

    1960 Beach Street, Oceano, CA 93445

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Land Opportunity
    $2,250,000
    89,438.00 Acres
    Prime Commercial Land Opportunity

    2+ acres of commercially zoned land with freeway exposure.

    31426 The Old Road N, Castaic, CA 91384

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    Lancaster Corner Lot Investment Opportunity
    $350,000
    7,509.00 Acres
    Lancaster Corner Lot Investment Opportunity

    0.17-acre corner lot in Lancaster with development potential.

    0 Newgrove Street, Lancaster, CA 93534

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    Land in Picfair Village
    $1,495,000
    0.16 Acres
    Land in Picfair Village

    Vacant land approved for 20-unit multifamily project in prime location.

    1562 S Fairfax Ave, Los Angeles, CA 90019

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    Silver Lake Affordable Housing Development
    $2,350,000
    0.18 Acres
    Silver Lake Affordable Housing Development

    Ready-to-Issue 54-unit affordable housing development opportunity in prime Silver Lake.

    1108 Manzanita St, Los Angeles, CA 90029

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    Off-Market Properties in Santa Maria, CA

    Consider similar Off-Market properties in Santa Maria, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    740 Western Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 1.78 Acres
    Estimated value
    $36,600,000

    740 Western Ave, Santa Maria, CA 93458-6056

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    741 Western Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 4.40 Acres
    Estimated value
    $36,600,000

    741 Western Ave, Santa Maria, CA 93458-6069

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    741 Western Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 1.19 Acres
    Estimated value
    $36,600,000

    741 Western Ave, Santa Maria, CA 93458-6069

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    740 Western Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 1.36 Acres
    Estimated value
    $36,600,000

    740 Western Ave, Santa Maria, CA 93458-6056

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    740 Western Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 1.68 Acres
    Estimated value
    $36,600,000

    740 Western Ave, Santa Maria, CA 93458-6056

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    301 Mcelhany Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.26 Acres
    Estimated value
    $1,400,000

    301 Mcelhany Ave, Santa Maria, CA 93454-3127

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    229 Mcelhany Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.16 Acres
    Estimated value
    $1,400,000

    229 Mcelhany Ave, Santa Maria, CA 93454-3100

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    1002 Blosser Rd
    APARTMENT HOUSE (5+ UNITS)
    Lot: 1.00 Acre
    Value Estimation by Request

    1002 Blosser Rd, Santa Maria, CA 93458-4947

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    423 Church St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.26 Acres
    Value Estimation by Request

    423 Church St, Santa Maria, CA 93454-5270

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    1100 Liberty St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.24 Acres
    Value Estimation by Request

    1100 Liberty St, Santa Maria, CA 93458-6860

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    229 Bunny Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.41 Acres
    Value Estimation by Request

    229 Bunny Ave, Santa Maria, CA 93454

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    233 Bunny Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.75 Acres
    Value Estimation by Request

    233 Bunny Ave, Santa Maria, CA 93454

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    426 Lincoln St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.41 Acres
    Estimated value
    $800,000

    426 Lincoln St, Santa Maria, CA 93458-5589

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    608 Fesler St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.37 Acres
    Estimated value
    $1,180,000

    608 Fesler St, Santa Maria, CA 93458-4063

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    730 Fesler St, Unit A
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.44 Acres
    Value Estimation by Request
    Unit A

    730 Fesler St, Santa Maria, CA 93458-4103

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    123 Bradley Rd
    APARTMENT HOUSE (5+ UNITS)
    3,730 SF Lot: 0.30 Acres
    Estimated value
    $2,050,000

    123 Bradley Rd, Santa Maria, CA 93454-5335

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    115 Bradley Rd
    APARTMENT HOUSE (5+ UNITS)
    3,282 SF Lot: 0.30 Acres
    Estimated value
    $2,050,000

    115 Bradley Rd, Santa Maria, CA 93454-5334

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    511 Orange St, Unit B
    APARTMENT HOUSE (5+ UNITS)
    1,000 SF Lot: 0.02 Acres
    Estimated value
    $1,600,000
    Unit B

    511 Orange St, Santa Maria, CA 93458-5501

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    513 Orange St, Unit B
    APARTMENT HOUSE (5+ UNITS)
    1,000 SF Lot: 0.02 Acres
    Estimated value
    $1,600,000
    Unit B

    513 Orange St, Santa Maria, CA 93458-5533

    View details

    Santa Maria, CA Apartment Buildings Investment Opportunities Market Analysis

    Explore 72 apartment buildings for sale in Santa Maria, CA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 20,250 square feet of properties for sale, with an estimated market value of $4,698,000.

    Sale prices for two-family homes in Santa Maria, CA start at $1,198,000, averaging $2,349,000, and reaching up to $3,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Property Size Breakdown

    The majority of commercial real estate listings in Santa Maria fall within the 25,000 to 50,000 square foot range.

    Demographics Overview

    Population 145K
    Population Growth (5Y) +1.4%
    Median Household Income $87,267
    College Educated 15.3%

    High-Yield Neighborhoods for Investment

    Identify Santa Maria submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    93458 $2.3M
    93454 $4.8M

    Taxes & Financing

    Tax Rate (average for all types) 1.11%
    Property Tax per SF $20.48 per sq ft
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

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