601-613 W Ocean Avenue, LOMPOC, CA 93436
$2,727,272.64
Property Type:
Res Inc
Status:
Closed
Current Price:
$2,727,272.64
List Date:
9/07/2016
Last Modified:
9/15/2024
Description
This is an outstanding value-add opportunity to purchase a complex with rents 32% below current market. The Ocean Avenue Apartments complex consists of (4) 2-story buildings, each with six units, for a total of 24 units. The unit mix is (8) 1BD/1BA and (16) 2BD/1BA apartments. The approx. 27,877 SF property is composed of three separate legal parcels. The Seller is also offering 2 other properties
More Information MLS# 16-2967
Location Info
Country: US
Compass Map: Lompoc
Map Grid: G19
Cross Street: N. M St.
District: 55 - LOMPOC
Street #: 601-613
Dir: W
Street Name: Ocean
Street Suffix: Avenue
State: CA
Postal Code: 93436
County: Santa Barbara
Parcel Number: 091-072-010
Contract Info
Buyers Agent $/%: 2.5
Current Price: $2,727,272.64
Price: 2900000
Begin Date: 2016-09-06
Status: Closed
Property Information
Year Built: 1960
Recurring Fees: No
Number of Units: 24
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Laundry
Laundry Room: 1
Unit 1
# Units: 16
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 0
Monthly Total: 12010
Unit 2
# Units: 8
# Bedrooms: 1
# Baths: 1
# Half Baths: 0
Furnished: N
Rent: 0
Monthly Total: 5200
Zoning
R-3: 1
Terms
Cash: 1
OTHER/CLA: 1
Listing Type
ER: 1
Status Information
Sold Date: 2017-03-07
Sold Price: $2,727,272.64
Under Contract Date: 2016-09-30
Property Features
Laundry: Laundry Room
Zoning: R-3
Terms: Cash; OTHER/CLA
Listing Type: ER
Listing Office:
Radius Group Commercial R.E.
Last Updated: September - 15 - 2024
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