NOT LISTED FOR SALE

229 S N St Lompoc, CA 93436

West Lompoc Neighborhood
12 Beds
6 Baths
1,604 Sq Ft
7,200 Sq Ft Lot

Last Sold April 01, 2013

Last sale price $390,000 $243 Per Sq Ft

129 Days on Market

About This Home

As of April 2013

Great opportunity to acquire a bank owned 6-unit apartment building in Lompoc. Property consists of 6-2bedroom/1bath units. Recently upgraded units with longtime property management company still in place. Current monthly income is $4040, Current GRM is at 8.16, CAP rate is 6.66% with a 5% vacancy and expenses at approx. 43% of Effective Gross Income.

Last Agent to Sell the Property

Daniel McGregor

Radius Group Commercial R.E. License #01482600 Listed on: 01/07/2013

Last Buyer's Agent

Daniel McGregor

Radius Group Commercial R.E. License #01482600 Listed on: 01/07/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 7,200

Additional Features

  • 2-Story Property
  • 7,200 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 091-051-004

Community Details

Overview

  • 6 Units

Building Details

  • Licenses Expense $150
  • New Taxes Expense $4,714
  • Operating Expense $19,890
  • Gross Income $48,960
  • Net Operating Income $26,622

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1975
  • Income Expenses Annual Income: 48960.0
  • Capitalization Rate: 6.66%
  • Gross Rent Multiplier: 8.16
  • Income Expenses Licenses: 150.0
  • Annual Expenses: 19890.0
  • Monthly Income: 4040.0
  • Building Stories: 2
  • Subdivision Name: Other
  • Property Information Year Built2: 1975
  • Property Information Apx # Acres: 0.17
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Property Information Apx Lot SqFt: 7200.0
  • General Property Information Stories2: 2.0
  • Assessor's Data Assessor Lot Acres: 0.17
  • IncomeExpenses Taxes6: 4714.0
  • IncomeExpenses NOI2: 26622
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.17

Schools

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

Lot Info

  • Parcel #: 091-051-004
  • Zoning: Other
  • Lot Size Sq Ft: 7200.0

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 48960.0
  • Annual Operating Expense: 19890.0
  • Total Actual Rent: 4040.0

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
04/01/2013 04/01/13 Sold $390,000 -2.4% $243 / Sq Ft
03/14/2013 03/14/13 Pending -- -- --
11/05/2012 11/05/12 For Sale $399,500 -- $249 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Daniel McGregor

    Radius Group Commercial R.E.

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-3431

Santa Barbara Multiple Listing Service

APN: 091-122-024

California Santa Barbara County Lompoc 93436 West Lompoc

229 S N St, Lompoc, CA

This home is located at 229 S N St, Lompoc, CA 93436 since 07 January 2013. This property was built in 1975. 229 S N St is a home located in Santa Barbara County with nearby schools including Miguelito Elementary School, Lompoc Valley Middle School, and Lompoc High School.

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