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    1314 S Broadway

    Santa Maria, CA 93454
    • $19,800,000
    • STATUS: Active
    • ON SITE: 80 Days
    • MLS #: 21-2782
    UPDATED: 35 min ago
    $19,800,000
    • 0
      BEDS
    • 5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Radius Group Commercial R.E..

    Description

    First time in the market in over 25 years, this unique asset comprising of 125 residential units and 2 commercial units, is a rare find located smack in the center of Santa Maria, CA a rapidly growing city roughly 60 miles north of Santa Barbara and 160 miles north of Los Angeles. The asset, situated in the city's prime shopping area close to all the best neighborhood amenities, consists of a 3-story complex on nearly 5 acres. Once a hotel, the building now features 125 residential units that are predominantly studio configurations.Additionally, the lot offers an approximately 16,000 SF vacant commercial structure with fully approved plans to build an additional 52 units on site. The existing building boasts expansive common areas, carports, pleasant landscaping and a common area courtyard with swimming pool. There is a plethora of options for a new investor to capitalize on the asset's prime location and building size, with potential to increase rental income substantially. While the units are currently utilized as senior residences, a new owner could keep the units consistent with that use or potentially rent the complex as general apartments. With its spectacular location, this property is well poised to become a "lifestyle" asset, providing all the amenities that luxury apartment tenants desire. Please contact Listing Agent for details.

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    © 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-10-15T19:46:57.26. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2021-10-15T19:46:57.26.
    www.theepsteinpartners.com/homes/119724274
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    1314 S Broadway Santa Maria, CA 93454

    • Price: $19,800,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: 21-2782
    0
    Beds
    0
    Baths
    0
    ½ Baths
    5
    Acres
    Neighborhood:
    Santa Maria
    County:
    Santa Barbara
    Area:
    Santa Maria
    Elementary School:
    Other
    Middle School:
    Other
    High School:
    Other
    Property Description
    First time in the market in over 25 years, this unique asset comprising of 125 residential units and 2 commercial units, is a rare find located smack in the center of Santa Maria, CA a rapidly growing city roughly 60 miles north of Santa Barbara and 160 miles north of Los Angeles. The asset, situated in the city's prime shopping area close to all the best neighborhood amenities, consists of a 3-story complex on nearly 5 acres. Once a hotel, the building now features 125 residential units that are predominantly studio configurations.Additionally, the lot offers an approximately 16,000 SF vacant commercial structure with fully approved plans to build an additional 52 units on site. The existing building boasts expansive common areas, carports, pleasant landscaping and a common area courtyard with swimming pool. There is a plethora of options for a new investor to capitalize on the asset's prime location and building size, with potential to increase rental income substantially. While the units are currently utilized as senior residences, a new owner could keep the units consistent with that use or potentially rent the complex as general apartments. With its spectacular location, this property is well poised to become a "lifestyle" asset, providing all the amenities that luxury apartment tenants desire. Please contact Listing Agent for details.
    Interior Features

    Amenities Pool Unit1 Baths 125.00 Unit1 Bedrooms 126.00 Unit1 Half Baths 0.00

    Property Features

    Cross Street E. Stowell Rd Deposit 3.00 Exchange Other Proximity Near BusNear Shopping Terms Cash Unit1 Furnished No Unit1 Monthly Total 98766.00 Unit1 Rent 98766.00 Unit1 Units 127.00 Zoning Other

    Listing information © 2021 Santa Barbara MLS
    Listing provided courtesy of Radius Group Commercial R.E..



    © 2021 Santa Barbara Multiple Listing Service. All rights reserved. Based on information from the Santa Barbara MLS as of 2021-10-15T19:46:57.26. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Data last updated 2021-10-15T19:46:57.26.
     
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    Keller Williams
    1503 Chapala Street
    Santa Barbara CA, 93101
    Listing provided courtesy of Radius Group Commercial R.E..