NOT LISTED FOR SALE

Estimated Value: $811,000 - $854,000

6 Beds
4 Baths
2,837 Sq Ft
$293/Sq Ft Est. Value

Sale Details

Date Sold: October 22, 2021

Last sale price $648,000 $228 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,152 / mo

24 Days on Market

Highlights

  • Corner Lot
  • Foothills
  • Forced Air Heating System
  • Park

About This Home

As of October 2021

Great investment opportunity-3 homes on one parcel! This is your chance to own three well maintained detached homes on one lot located in Lompoc’s older desirable neighborhood. The property has a 4 bed 2 bath home, a 2 bed 1 bath home, and a studio house. All units have long term tenants who would love to remain in the property-as these detached homes are in walking distance of schools, shopping and restaurants. The current gross annual income is $45,600 which has the potential of being more. Please don’t hesitate and check out this rare investment opportunity as three homes on one lot in Lompoc’s desirable older neighborhood rarely come available. I would add this property is located in a designated opportunity zone that provides significant tax benefits (google opportunitydb.com/guide/). Please do not disturb tenants as you must have an appointment to view property.

Last Agent to Sell the Property

Francis Hain

Hain & Associates License #00951410 Listed on: 08/05/2021

Last Buyer's Agent

Francis Hain

Hain & Associates License #00951410 Listed on: 08/05/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 10,454 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Interior Spaces

  • 2,837 Sq Ft Home
  • Family Room with Fireplace
  • Laundry in unit

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 3 / 69
  • Assessor Parcel Number 091072002

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • North West Lmpc Subdivision
  • Foothills

Recreation

  • Park

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gross Income $45,600
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

10,454 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North West Lmpc(49)
  • Property Type: Residential Income
  • Parcel Number: 091072002
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Family Room
  • Price Per Square Foot: 228.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage - Single Door
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Foothills, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10454.00
  • Lot Size Acres: 0.2400

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 45600.00
  • Gross Scheduled Income: 45600.00
  • Lot Size Area: 10454.0000 Square Feet
  • Net Operating Income: 30000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Block: 69
  • Tax Census Tract: 27.02
  • Tax Lot: 3

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

Closed on
Feb 3, 2022
Sold by
Bought by
Current Estimated Value
$832,076

Purchase Details

Listed on
Aug 5, 2021
Closed on
Sep 7, 2021
Sold by
Bought by
Seller's Agent
Francis Hain
Hain & Associates
Buyer's Agent
Francis Hain
Hain & Associates
List Price
$629,000
Sold Price
$648,000
Premium/Discount to List
$19,000
3.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%
Original Mortgage
$486,000
Interest Rate
0.028%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2007
Sold by
Bought by

Purchase Details

Closed on
Dec 29, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,250
Interest Rate
0.0754%

Purchase Details

Closed on
Sep 23, 1999
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
-- Law Office Of Megan N Bowker
$648,000 First American Title Company
-- None Available
$255,000 First American Title
$160,000 Chicago Title Co
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
Previous Owner $486,000
Previous Owner $185,000
Previous Owner $185,250
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
10/22/2021 10/22/21 Sold $648,000 +3.0% $228 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
08/14/2021 08/14/21 For Sale $629,000 0.0% $222 / Sq Ft
08/08/2021 08/08/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $629,000 -- $222 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,897 $701,413 $216,485 $484,928
2025 $7,470 $687,661 $212,241 $475,420
2023 $7,470 $660,960 $204,000 $456,960
2022 $7,343 $648,000 $200,000 $448,000
2021 $4,109 $349,398 $111,358 $238,040
2020 $4,065 $345,817 $110,217 $235,600
2019 $3,998 $339,037 $108,056 $230,981
2018 $3,937 $332,390 $105,938 $226,452
2017 $3,865 $325,873 $103,861 $222,012
2016 $3,796 $319,484 $101,825 $217,659
2014 $3,715 $308,523 $98,332 $210,191
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS21171120

California Regional Multiple Listing Service (CRMLS)

APN: 091-072-002

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