Seller's Agent in 2024
Christos Celmayster
Hayes Commercial Group
(805) 563-2111
3 in this area
82 Total Sales
1001 E Cypress Ave Lompoc, CA 93436
--
Bed
--
Bath
52,608
Sq Ft
82,764
Sq Ft Lot
Highlights
- 1.9 Acre Lot
- Property is near park, public transit, schools, shops, and bus stop
- Laundry Room
About This Home
As of July 2024Unique opportunity to acquire 60 units in two contiguous multifamily properties located at 1001 E Cypress Ave (''Bahia La Paz'') & 1021 E Cypress Ave (''Kimi East'') situated on the Central Coast in the City of Lompoc. Both buildings are garden-style courtyard communities that have been well maintained by the owner which have an excellent unit mix of 40 x 2BD/1BA units & 20 x 1BD/1BA units, ample onsite parking, multiple onsite laundry facilities, large-functional unit layouts, & an ideal location in the Lompoc Valley. Current rents are 25-35% under market providing for upside through annual rent increases under AB 1482 & by moving rents to market during turnovers. Lompoc is a thriving City providing housing for Vandenburg Space Force Base & the Santa Maria/Santa Ynez valleys.
Last Agent to Sell the Property
Hayes Commercial Group License #01342996 Listed on: 04/15/2024
Last Buyer's Agent
Hayes Commercial Group License #01342996 Listed on: 04/15/2024
Property Details
Home Type
- Multi-Family
Lot Details
- 1.9
Interior Spaces
- 52,608 Sq Ft Home
- 2-Story Property
- Laundry Room
Parking
- 79 Parking Spaces
- Carport
- Uncovered Parking
Location
- Property is near park, public transit, schools, shops, and bus stop
- Property near a hospital
Additional Features
- 1.9 Acre Lot
- Individual Gas Meter
Listing and Financial Details
- The owner pays for trash collection, water
- Assessor Parcel Number 085-150-093
Community Details
Overview
- 60 Units
- Lompoc Subdivision
Building Details
- Operating Expense $328,631
- Gross Income $885,605
- Net Operating Income $530,406
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/12/2024 07/12/24 | Sold | $10,050,000 | -3.8% | $191 / Sq Ft |
| 05/24/2024 05/24/24 | Pending | -- | -- | -- |
| 04/15/2024 04/15/24 | For Sale | $10,445,000 | -- | $199 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,543 | $4,328,000 | $780,000 | $3,548,000 |
| 2023 | $21,543 | $1,889,236 | $100,528 | $1,788,708 |
| 2022 | $21,174 | $1,852,428 | $98,557 | $1,753,871 |
| 2021 | $21,410 | $1,816,342 | $96,625 | $1,719,717 |
| 2020 | $21,179 | $1,797,842 | $95,635 | $1,702,207 |
| 2019 | $20,837 | $1,762,826 | $93,760 | $1,669,066 |
| 2018 | $20,518 | $1,728,497 | $91,922 | $1,636,575 |
| 2017 | $20,148 | $1,694,841 | $90,120 | $1,604,721 |
| 2016 | $19,787 | $1,661,845 | $88,353 | $1,573,492 |
Source: Public Records
Agents Affiliated with this Home
-
Christos Celmayster
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 24-1159
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