Seller's Agent in 2024
Christos Celmayster
Hayes Commercial Group
(805) 563-2111
4 in this area
78 Total Sales
1001 E Cypress Ave Lompoc, CA 93436
--
Bed
--
Bath
52,608
Sq Ft
1.9
Acres 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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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