NOT LISTED FOR SALE
12 Beds
6 Baths
1,604 Sq Ft
7,200 Sq Ft 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

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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

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
Dec 10, 2020
Sold by
Bought by

Purchase Details

Listed on
Jan 7, 2013
Closed on
Mar 25, 2013
Sold by
Bought by
Seller's Agent
Daniel McGregor
Radius Group Commercial R.E.
Buyer's Agent
Daniel McGregor
Radius Group Commercial R.E.
List Price
$399,500
Sold Price
$390,000
Premium/Discount to List
-$9,500
-2.38%

Purchase Details

Closed on
Sep 21, 2012
Sold by
Bought by

Purchase Details

Closed on
Jul 22, 2004
Sold by
Bought by

Purchase Details

Closed on
May 13, 2004
Sold by
Bought by

Purchase Details

Closed on
Jan 6, 2004
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
$93,200
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 2003
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
$93,200
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2002
Sold by
Bought by

Purchase Details

Closed on
Mar 14, 2002
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
$245,000
Interest Rate
6.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 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
$140,000
Interest Rate
7.08%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lompoc, CA

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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
-- None Available
$390,000 First American Title Company
$330,000 None Available
$675,000 Fidelity National Title
-- Fidelity National Title
-- Fidelity National Title
-- Stewart Title Of Ca Inc
$500,000 Stewart Title Of Ca Inc
-- --
-- First American Title
$250,000 First American Title
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 $93,200
Previous Owner $375,000
Previous Owner $245,000
Previous Owner $140,000
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
2026 $5,585 $489,848 $94,197 $395,651
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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