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504 S Broadway, Santa Maria, CA 93454

$5,990,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 11 days ago
504 S Broadway, Santa Maria, CA 93454 View this property at 504 S Broadway, Santa Maria, CA 93454
504 S Broadway Santa Maria CA 93454

Property Description

Rare opportunity to acquire a mixed-use, 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. 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.

Full Property Details for 504 S Broadway

  • Price: $5,990,000
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 17-3443
  • Updated: 10/11/2017
  • Added: 11 day(s) ago

Property History

  • 504 S Broadway, Santa Maria, CA
  • Listed at $5,990,000 on 10/11/17

Rooms

Other Rooms

  • Laundry: Room

Additional Information

  • Security/Safety: Monitored, Security Camera

Parking

  • Parking: Carport, Uncovered

Location

  • Area: 60 - SANTA MARIA
  • County: Santa Barbara
  • Cross Streets: W. Orange St.

School Information

  • Elementary School: Other
  • Middle School: Other
  • High School: Other

Community

  • Community Features: Elec Stove

Structural Information

  • Stories/Levels: 2.0

Unit Information

Unit 1

  • Total Bathrooms: 36

Lot Features

  • Lot Size (Sq. Ft.): 30,492
  • Zoning: Other

Financial Considerations

  • Terms: Cash, OTHER/CLA

Listed by Radius Group Commercial R.E.

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Estimate the Cost

504 S Broadway will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

In the Community

Nearby Schools

504 S Broadway, Santa Maria, CA 93454 (MLS# 17-3443) is a Multi-Family property with 47 units containing 0 bedrooms and 0 full bathrooms. 504 S Broadway is currently listed for $5,990,000 and was received on October 11, 2017. Want to learn more about 504 S Broadway? Do you have questions about finding other Multi-Family real estate for sale in Santa Maria-Northeast? You can browse all Santa Maria-Northeast real estate or contact a Coldwell Banker agent to request more information.

Listed by Radius Group Commercial R.E.