K
Seller's Agent in 2021
Katheryn Cope
Century 21 Masters
121 S N St Lompoc, CA 93436
West Lompoc NeighborhoodEstimated Value: $562,000 - $1,298,000
2
Beds
2
Baths
1,475
Sq Ft
$680/Sq Ft
Est. Value
About This Home
As of September 2021Incredible opportunity to own a high yielding multi-family property w/out needing commercial financing. This 4-unit complex is currently earning a $73,200 gross annual income (rents are lower than current market value). The front house is a 2-bed, 1 bath with an attached 2-car garage. The home has been remodeled and impeccably cared for. The rear tri-plex was just built in 2005. Each unit is a 3-bed, 2.5-bath with an attached 2-car garage. There is shared laundry on-site for the tri-plex &the front house has washer/dryer hook-ups in the garage. This stunning property is owned by the family of a local, very reputable contractor! The owners built the tri-plex, garage for the front house and remodeled the front home. The quality and care shine in every aspect of this 4-unit property.
Last Agent to Sell the Property
Katheryn Cope
Century 21 Masters License #01763834 Listed on: 06/18/2021
Last Buyer's Agent
Nick Henry
The Channel Group
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,868
Year Built
- Built in 1925
Lot Details
- 10,454 Sq Ft Lot
- Property is in excellent condition
Parking
- 8 Car Garage
Additional Features
- Laundry Room
- Individual Gas Meter
Listing and Financial Details
- Assessor Parcel Number 091-071-005
Community Details
Overview
- 4 Units
Building Details
- Operating Expense $6,360
- Gross Income $73,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 19, 2021
Sold by
M And M Investments
Bought by
Shuman Jeffrey Paul and The Jeffrey P Shuman 2009 Trus
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 28, 2006
Sold by
Fredrich Timothy and Fredrich Michelle
Bought by
M & M Investments
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 14, 2004
Sold by
Fredrich Timothy L and Fredrich Michelle L
Bought by
M & M Investments
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 2, 2004
Sold by
Lewis Sharon and Brooks Catherine L
Bought by
Fredrich Timothy L and Fredrich Michelle L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 21, 2004
Sold by
Brooks Edgar D
Bought by
Brooks Catherine L
Purchase Details
Closed on
Mar 4, 2003
Sold by
Lewis Sharon
Bought by
Lewis Sharon and Brooks Edgar D
Purchase Details
Closed on
Jan 8, 2002
Sold by
Dewitts Patricia Ann
Bought by
Lewis Sharon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,900
Interest Rate
7.11%
Purchase Details
Closed on
Apr 25, 2000
Sold by
Campbell Gregory W and Campbell Deborah L
Bought by
Dewitts Patricia Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,652
Interest Rate
8.08%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shuman Jeffrey Paul | $1,120,000 | Fidelity National Title Co | |
| M & M Investments | -- | Chicago Title Company | |
| Fredrich Timothy | -- | Chicago Title Company | |
| M & M Investments | -- | -- | |
| Fredrich Timothy L | $373,000 | Chicago Title Company | |
| Brooks Catherine L | -- | Chicago Title Company | |
| Lewis Sharon | -- | Chicago Title Co | |
| Lewis Sharon | $190,000 | Chicago Title Co | |
| Dewitts Patricia Ann | $127,500 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Shuman Jeffrey Paul | $700,000 | |
| Previous Owner | Fredrich Timothy | $825,000 | |
| Previous Owner | Fredrich Timothy L | $243,750 | |
| Previous Owner | Lewis Sharon | $151,900 | |
| Previous Owner | Dewitts Patricia Ann | $126,652 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/23/2021 09/23/21 | Sold | $1,120,000 | -10.4% | $759 / Sq Ft |
| 07/07/2021 07/07/21 | Pending | -- | -- | -- |
| 06/18/2021 06/18/21 | For Sale | $1,250,000 | -- | $847 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
Tax History Compared to Growth
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 | $12,868 | $1,188,552 | $318,362 | $870,190 |
| 2023 | $12,868 | $1,142,400 | $306,000 | $836,400 |
| 2022 | $12,651 | $1,120,000 | $300,000 | $820,000 |
| 2021 | $9,780 | $838,000 | $187,000 | $651,000 |
| 2020 | $8,893 | $762,000 | $170,000 | $592,000 |
| 2019 | $8,748 | $747,000 | $167,000 | $580,000 |
| 2018 | $8,364 | $711,000 | $159,000 | $552,000 |
| 2017 | $7,978 | $677,000 | $151,000 | $526,000 |
| 2016 | $7,263 | $615,000 | $137,000 | $478,000 |
| 2014 | $6,385 | $533,000 | $119,000 | $414,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2021
Nick Henry
The Channel Group
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 21-2264
APN: 091-071-005
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