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Apartment Building with 100 Cottages
For Sale
$9,500,000
Pending

1324 N Broadway, Santa Maria, CA 93454

MULTI_FAMILY - SANTA MARIA, CA

Property SizeContact for details
Lot Size3.95 Acres
Days on Market438

Property Features for 1324 N Broadway

General Information

Property type Residential Multi Family
Property subtype Other
Zoning C-2
Bedrooms 100
Full bathrooms 100
Rooms Bathroom 45, Bathroom 68, Bedroom 21, Bathroom 5, Bedroom 28, Bedroom 57, Bedroom 24, Bedroom 14, Bedroom 23, Bathroom 1, Bathroom 31, Bedroom 9, Bathroom 71, Bathroom 25, Bedroom 45, Bedroom 41, Bedroom 59, Bedroom 12, Bathroom 61, Bedroom 8, Bedroom 52, Bathroom 43, Bathroom 75, Bathroom 96, Bathroom 63, Bedroom 75, Bathroom 67, Bedroom 80, Bedroom 53, Bedroom 98, Bathroom 10, Bathroom 46, Bathroom 65, Bathroom 77, Bathroom 90, Bedroom 64, Bathroom 40, Bedroom 37, Bedroom 43, Bedroom 62, Bathroom 72, Bathroom 100, Bedroom 15, Bathroom 18, Bathroom 41, Bathroom 83, Bedroom 88, Bedroom 6, Bedroom 54, Bedroom 22, Bedroom 74, Bedroom 18, Bedroom 97, Bedroom 67, Bedroom 51, Bedroom 47, Bedroom 79, Bathroom 59, Bedroom 71, Bedroom 82, Bathroom 56, Bedroom 77, Bedroom 81, Bedroom 40, Bedroom 91, Bathroom 39, Bathroom 21, Bedroom 95, Bathroom 60, Bathroom 62, Bathroom 58, Bathroom 26, Bathroom 22, Bedroom 27, Bedroom 84, Bedroom 34, Bedroom 16, Bathroom 53, Bathroom 69, Bathroom 74, Bedroom 65, Bedroom 29, Bathroom 78, Bathroom 6, Bathroom 11, Bathroom 70, Bedroom 39, Bedroom 68, Bedroom 78, Bedroom 7, Bathroom 95, Bathroom 82, Bathroom 81, Bedroom 38, Bathroom 91, Bedroom 36, Bathroom 85, Bedroom 11, Bathroom 2, Bathroom 17, Bathroom 49, Bedroom 31, Bedroom 99, Bedroom 20, Bedroom 69, Bedroom 73, Bathroom 52, Bedroom 66, Bathroom 54, Bedroom 55, Bathroom 33, Bedroom 83, Bedroom 86, Bedroom 70, Bedroom 76, Bedroom 32, Bathroom 86, Bedroom 94, Bedroom 13, Bathroom 30, Bathroom 19, Bedroom 96, Bathroom 92, Bathroom 87, Bathroom 89, Bathroom 36, Bedroom 44, Bedroom 26, Bathroom 51, Bathroom 84, Bathroom 3, Bathroom 15, Bedroom 61, Bedroom 49, Bathroom 93, Bedroom 30, Bathroom 28, Bathroom 79, Bedroom 19, Bathroom 73, Bedroom 42, Bedroom 35, Bathroom 97, Bathroom 32, Bathroom 80, Bathroom 50, Bedroom 50, Bathroom 42, Bedroom 87, Bathroom 13, Bathroom 14, Bathroom 34, Bathroom 94, Bedroom 58, Bathroom 24, Bathroom 7, Bathroom 38, Bedroom 17, Bedroom 5, Bedroom 46, Bathroom 66, Bedroom 1, Bathroom 98, Bedroom 60, Bedroom 33, Bathroom 37, Bedroom 48, Bathroom 47, Bedroom 92, Bathroom 9, Bedroom 4, Bedroom 3, Bathroom 44, Bathroom 48, Bedroom 89, Bathroom 27, Bedroom 72, Bathroom 55, Bedroom 25, Bathroom 76, Bedroom 85, Bedroom 10, Bathroom 29, Bathroom 99, Bathroom 57, Bedroom 93, Bathroom 4, Bathroom 88, Bathroom 8, Bedroom 56, Bedroom 2, Bedroom 90, Bathroom 16, Bathroom 12, Bathroom 20, Bathroom 64, Bathroom 35, Bathroom 23, Bedroom 100, Bedroom 63
Elementary school CLA
Middle school CLA
High school CLA
Subdivision 60 - SANTA MARIA
Standard status Pending
APN 121-031-024
Lot size 3.95 Acres

Amenities

soccer field
volleyball courts
playground
restaurant/kitchen
meeting hall

Building Details

Year built 1965
Floors in Building 1
Number of units 100
Listing Agency: Century 21 Masters · Century 21 Real Estate
Listed By: Andrew Adler · License #01162080
Added: Jun 12, 2025 Changed: Aug 3 Last Checked: Aug 23 at 7:06PM
MLS# 25-2302

Copyright © 2026 Santa Barbara Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Apartment-building community on a 3.95-acre site featuring 100 fully-furnished cottages. The cottages include a mix of studio and larger unit types, with each room described as having 2 to 4+ beds per room, for approximately 350 beds in total. Units are currently equipped with TVs, beds, dressers, and blankets to support immediate occupancy, and the property is available for immediate tenancy. Recent improvements include new roofs installed on all units, and new copper plumbing and sewer lines. The owner also has plans for kitchenette installations in units to enhance livability.

The community includes a ~7,200 SF restaurant/kitchen and meeting hall with dining and event space suitable for communal meals, training, or organizational gatherings. Outdoor recreation amenities include a soccer field, volleyball courts, and a playground. The property was built in 1965 and is located at 1324 N. Broadway in Santa Maria, California, in Santa Barbara County.

Zoned C-2, the configuration is described as suitable for workforce housing or community living uses, with additional considerations including educational institutions, religious organizations, senior living facilities, boutique hotel use, or multifamily housing.

Key Highlights

  • 3.95‑acre apartment‑building community with 100 fully‑furnished cottages
  • Approx. 350 beds across studio and larger unit types; 2 to 4+ beds per room
  • Currently equipped with TVs, beds, dressers, and blankets for immediate occupancy

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Garden Center Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100
Residential units

Location Intelligence

Trade Area within ½ mile

581
Businesses Nearby

Demographics for 93454, CA

40,994
Population
12,413
Households
3.3
Avg Household Size
33
Median Age
18%
College-Educated
74%
High-School Grad
418.3 sq mi
ZIP Area
98
Density / Sq Mi
$84,178
Median Household Income
$34,883
Median Earnings
$1,750
Median Rent
$477,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - C-2 zoned, vacant apartment property with 100 fully-furnished cottages designed for immediate occupancy.
Where is this apartment building located?
The property is located at 1324 N Broadway Santa Maria, CA.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 3.95‑acre apartment‑building community with 100 fully‑furnished cottages; Approx. 350 beds across studio and larger unit types; 2 to 4+ beds per room; Currently equipped with TVs, beds, dressers, and blankets for immediate occupancy
More about this property
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