Your search results

701 N F Street, LOMPOC, CA 93436

$5,250,000
Property Type: Res Inc Lot Size (sq. ft.): 34,850 Status: Closed
Current Price: $5,250,000 List Date: 5/21/2024 Last Modified: 9/15/2024

Description

Well maintained 30-units in Lompoc with in place 6.0% Cap rate on current rents as of June 1. 5 detached buildings (701-717 F ST) on 5 parcels totaling 34,850 SF of land. Built in 1960, the several upgrades completed w/in last couple years inc new roofs and gutters, fresh exterior paint, fencing and secure gates along w/ tankless water heaters (3 in each building). Windows are dual paned. Kitchens have granite countertops. Second story units feature exposed beam ceilings. Maple trees along with drought tolerant landscape provide shade and inviting curb appeal. Lompoc High School, shopping and buslines. Sep metered for electricity and gas. Assigneduncovered parking. Excellent investment offering solid in place income with additional 15% upside in rents. Located in an opportunity zone.

More Information MLS# 24-1637

Location Info

Country: US Compass Map: Lompoc Map Grid: H17 Cross Street: Pine District: 55 - LOMPOC Street #: 701 Dir: N Street Name: F Street Suffix: Street State: CA Postal Code: 93436 County: Santa Barbara Parcel Number: 087-092-006

Contract Info

Financing: Cash Buyers Agent $/%: 2 Current Price: $5,250,000 Price: 5200000 Begin Date: 2024-05-21 Status: Closed

Property Information

Year Built: 1960 Apx Lot SqFt: 34850 Recurring Fees: No Number of Units: 30

Neighborhood/Schools

Elementary School: Other Junior High School: Other High School: Other

Owner Info

Deposit: 3

Remarks

Hot Sheet Comment: new

Unit 1

# Units: 30 # Bedrooms: 2 # Baths: 1 # Half Baths: 0 Furnished: N Rent: 1441 Monthly Total: 41795

Income/Expenses

Total Monthly Income: 41795 Annual Income: 501540 Gross Rent Multiplr: 10.4 Capitalization Rate: 6.0

Zoning

Other: 1

Reports Available

Prelim: 1 NHD: 1

Terms

Conventional: 1

Listing Type

ER: 1

Meters

Sep Meter Wtr: N Sep Meter Elec: Y Sep Meter Gas: Yes

Contingent Remarks

SUBJ 2 INSPECT: 1

Status Information

Sold Date: 2024-07-09 Sold Price: $5,250,000 Under Contract Date: 2024-05-28

Property Features

Zoning: Other Reports Available: Prelim; NHD Terms: Conventional Listing Type: ER Contingent Remarks: SUBJ 2 INSPECT
Listing Office: Beachside Partners
IDX
Last Updated: September - 15 - 2024
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

Compare Listings

Call Now Button