NOT LISTED FOR SALE

1012 E Cypress Ave Lompoc, CA 93436

East Lompoc Neighborhood

Estimated Value: $735,000 - $1,079,000

6 Beds
3 Baths
1,050 Sq Ft
$843/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $625,000 $595 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,540/month

139 Days on Market

Highlights

  • Property is near a park
  • Tile Flooring
  • Property is in excellent condition
  • Attached Garage
  • Forced Air Heating System
  • Fenced

About This Home

As of November 2018

Well maintained triplex located in the most desirable part of town. 3 2/1's with private yards, garages. Each unit has laundry room. Will cooperate w 1031's. Recent roof, paint. Neat and clean, hillside views. Very desirable income property. Separate meters for each unit. Owner pays only water. 5.4 cap on below market rents. Lompoc vacancy factor at less than 1%!

Last Listed By

Lenny Gerthoffer

Sun Coast Real Estate Listed on: 09/24/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,573

Year Built

  • Built in 1965

Lot Details

  • 8,400 Sq Ft Lot
  • Lot Dimensions are 120 x 70
  • Fenced
  • Property is in excellent condition

Parking

  • Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1,050 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Flooring

  • Carpet
  • Tile
  • Vinyl Plank

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Utilities

  • Forced Air Heating System
  • Shared Gas Meter
  • Individual Gas Meter

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 085-451-001

Community Details

Overview

  • 3 Units
  • Lompoc Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,573

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1965
  • Capitalization Rate: 5.4
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Building Stories: 2
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: Lompoc
  • Reso Flooring: Carpet, Tile, Wood/Laminate
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1965
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Condo:Laundry in Unit: Yes
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 1050.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 8400.0
  • Proximity Near Bus: Yes
  • Amenities Fncd All: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Property Information Apx Lot Size FxD: 120 x 70
  • Proximity Near Hospital2: Yes
  • Pets Yes: Yes
  • General Property Information Stories2: 2.0
  • Parking Info Garages: Yes
  • Parking Info Gar #24: Yes
  • HeatingCooling GFA: Yes
  • Parking Info Attached6: Yes
  • Parking Info Gar #14: Yes
  • Parking Info Gar #35: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.19
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Garages, Gar #1, Gar #2, Gar #3, Attached

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 085-451-001
  • Zoning: R-3
  • Lot Size Sq Ft: 8400.0
  • ResoLotSizeUnits: Apx Lot Size FxD

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2018
Closed on
Nov 21, 2018
Sold by
Verduzco Sergio and Verduzco Megdalena
Bought by
Schwarz Ryan E and Schwarz Katie A
Seller's Agent
Lenny Gerthoffer
Sun Coast Real Estate
Buyer's Agent
Rose Van Schaik
Berkshire Hathaway HomeServices California Properties
List Price
$725,000
Sold Price
$625,000
Premium/Discount to List
-$100,000
-13.79%
Total Days on Market
139
Current Estimated Value
$885,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,408
Avg. Annual Appreciation
2.78%
Original Mortgage
$461,250
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 1999
Sold by
Trustees, Estrada Fam Tr Estrada Jose Fabian
Bought by
Verduzco Sergio and Verduzco Ana Magdalena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
7.82%

Purchase Details

Closed on
Mar 22, 1995
Sold by
Estrada Fabian and Estrada Elvia
Bought by
Estrada Jose Fabian and Estrada Francis Elvia

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Schwarz Ryan E $625,000 Fidelity National Title Co
Verduzco Sergio $225,000 First American Title
Estrada Jose Fabian -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwarz Ryan E $463,000
Closed Schwarz Ryan E $461,250
Previous Owner Verduzco Sergio $455,000
Previous Owner Verduzco Sergio $262,500
Previous Owner Verduzco Sergio $160,000
Previous Owner Verduzco Sergio $168,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2018 11/30/18 Sold $625,000 -13.8% $595 / Sq Ft
10/28/2018 10/28/18 Pending -- -- --
06/11/2018 06/11/18 For Sale $725,000 -- $690 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

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
2023 $7,573 $670,123 $128,663 $541,460
2022 $7,444 $656,985 $126,141 $530,844
2021 $7,529 $644,104 $123,668 $520,436
2020 $7,449 $637,500 $122,400 $515,100
2019 $7,328 $625,000 $120,000 $505,000
2018 $3,604 $303,911 $101,300 $202,611
2017 $3,538 $297,953 $99,314 $198,639
2016 $3,475 $292,112 $97,367 $194,745
2015 $3,449 $287,725 $95,905 $191,820
2014 -- $282,090 $94,027 $188,063
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lenny Gerthoffer

    Sun Coast Real Estate

  • Rose Van Schaik

    Buyer's Agent in 2018

    Rose Van Schaik

    Berkshire Hathaway HomeServices California Properties

    (805) 452-2051

    2 in this area

    21 Total Sales

    Rose Van Schaik
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-2120

Santa Barbara Multiple Listing Service

APN: 085-451-001

California Santa Barbara County Lompoc 93436 East Lompoc

1012 E Cypress Ave, Lompoc, CA

Homes for Sale in Lompoc, CA

This home is located at 1012 E Cypress Ave, Lompoc, CA 93436 since 24 September 2018 and is currently estimated at $885,408, approximately $843 per square foot. This property was built in 1965. 1012 E Cypress Ave is a home located in Santa Barbara County with nearby schools including Arthur Hapgood Elementary School, Lompoc Valley Middle School, and Lompoc High School.

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