Kristina Novak
Responds Quickly
Monument Global Estates
(805) 691-3113
40 Total Sales
2 in Lompoc
$755,000 Price Range
1001 E Cypress Ave Lompoc, CA 93436
Lompoc Area
--
Bed
--
Bath
52,608
Sq Ft
1.9
Acre 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
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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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2024
Closed on
Jul 5, 2024
Sold by
Bought by
Seller's Agent
Christos Celmayster
Hayes Commercial Group
Buyer's Agent
Christos Celmayster
Hayes Commercial Group
List Price
$10,445,000
Sold Price
$10,050,000
Premium/Discount to List
-$395,000
-3.78%
Views
58
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,392,000
Outstanding Balance
$2,341,930
Interest Rate
7.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 6, 2014
Sold by
Bought by
Purchase Details
Closed on
Dec 18, 2013
Sold by
Bought by
Purchase Details
Closed on
Nov 7, 2012
Sold by
Bought by
Purchase Details
Closed on
Oct 4, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lompoc, CA
-
Kristina Novak
-
Krystal Freedom
Krystal Freedom
Freedom Realty, Inc.
(805) 892-6364
14 Total Sales
1 in Lompoc
$631,012 Price
-
Charlotte Pettit
Charlotte Pettit
Modern Broker
(805) 819-2614
102 Total Sales
7 in Lompoc
$360K - $645K Price Range
-
Monique Garza
Monique Garza
Compass
(805) 549-4077
56 Total Sales
2 in Lompoc
$680,000 Price Range
-
Deborah Brooks
Deborah Brooks
Berkshire Hathaway HomeServices California Properties
(805) 549-4153
50 Total Sales
1 in Lompoc
$602,000 Price
-
Isabel Gerardo
Isabel Gerardo
PB & Associates
(805) 219-7275
106 Total Sales
6 in Lompoc
$585K - $707K Price Range
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $4,280,000 | Fidelity National Title | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | First American Title |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,392,000 |
Source: Public Records
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 |
|---|---|---|---|---|
| 2026 | $49,692 | $4,413,600 | $795,600 | $3,618,000 |
| 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
Seller's Agent in 2024
Christos Celmayster
Hayes Commercial Group
(805) 563-2111
78 Total Sales
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 24-1159
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