504 South BROADWAY
Santa Maria, CA 93454

$5,990,000

Beds: 0
Baths: 36
Number of Units: 47
Type: Multi-Unit Residential
Listing #217012513
Rare opportunity to acquire a 47 unit commercial and residential asset of this size in the heart of downtown Santa Maria. This property was originally operated as a motel and converted into offices and now has been completely renovated into 36 studio efficiency apartments with 11 Retail/Commercial spaces which can be converted into RESIDENTIAL UNITS. All 11 commercial are leased. Everything has been upgraded! All studios have vinyl wood plank flooring, quartz counter tops, quartz showers, new custom kitchen soft close cabinets/drawers, triple pane windows, blinds, copper plumbing, all electrical upgraded, new sub-panels, LED lighting, 2 burner induction cook-tops and refrigerators. All of this makes this property extremely desirable for potential tenants.
Property Features
Location Information
County: Santa Barbara
Builder Tract Code: Not Applicable - 1007242
MLS Area: Santa Maria
Cross Street: W. COOK ST.
Latitude: 34.948189
Longitude: -120.435766
Interior Features
Number of Bedrooms: 0
Number of Full Bathrooms: 36
Floors: Vinyl Tile
Laundry: Community, Laundry Area
Water Heater: None
Unit 1 Features: Bathrooms: 1
Total Number of Units: 47
Exterior Features
Stories: Multi Levels
Possession: CloseOfEscrow
Parking Description: Carport, Offsite
Has Garage: No
Garage Spaces: 0
Parking Spaces: 46
Lot Size in Acres: 0.7
Lot Size in Sq. Ft.: 30, 492
Zoning: Mixed Use
Condition: Updated/Remodeled
Additional Information
Property Type: RI
Year Built: 1960
Tax Parcel Number: 125101011
Status: Active
Units in Complex: 47


$ per month
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
This listing is courtesy of Lori Zahn
CA BRE #01914861 - Radius Group Commercial RE
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