NOT LISTED FOR SALE

229 S N St Lompoc, CA 93436

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

Sale Details

Date Sold: April 1, 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

7,200 Sq Ft Lot

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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
2025 $5,284 $480,244 $92,350 $387,894
2023 $5,284 $461,598 $88,765 $372,833
2022 $5,192 $452,548 $87,025 $365,523
2021 $5,248 $443,675 $85,319 $358,356
2020 $5,191 $439,127 $84,445 $354,682
2019 $5,106 $430,518 $82,790 $347,728
2018 $5,027 $422,077 $81,167 $340,910
2017 $4,935 $413,802 $79,576 $334,226
2016 $4,846 $405,689 $78,016 $327,673
2014 $4,743 $391,770 $75,340 $316,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-3431

Santa Barbara Multiple Listing Service

APN: 091-122-024

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