NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Last Sold October 15, 2021

Last sale price $940,000

68 Days on Market

About This Home

As of October 2021

Six well maintained units in Lompoc! Each unit is 840 SF and consists of 2 bedrooms and 1 bathroom. Individual electric and gas meters for each unit. Laundry room on site. Uncovered parking for each unit. 6.2% cap rate on market rents. Extremely low turnover and stable rental income from great tenants. While you can leave as is and continue to collect rents, there is tons of potential to add value to the property through some simple cosmetic rehab.

Last Listed By

John Koskinen

Beachside Partners License #02036512 Listed on: 06/23/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,405

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Shared Gas Meter
  • Individual Gas Meter

Additional Features

  • Laundry Room
  • 7,405 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 091-051-003

Community Details

Overview

  • 6 Units
  • Lompoc Subdivision

Building Details

  • Gross Income $68,460

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1960
  • Income Expenses Annual Income: 68460.0
  • Monthly Income: 5705.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • ResoLaundryFeatures: Laundry Room
  • Co List Office Mls Id: jonsta
  • Co List Office Phone: 805-626-0112
  • Subdivision Name: Lompoc
  • Property Information Year Built2: 1960
  • Property Information Apx # Acres: 0.17
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Total # Unconvered Spaces: 6.0
  • Laundry Laundry Room2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.17

Garage/Parking

  • Open Parking Spaces: 6.0

Schools

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

Lot Info

  • Parcel #: 091-051-003
  • Zoning: Other
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 68460.0
  • Total Actual Rent: 5705.0

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
10/15/2021 10/15/21 Sold $940,000 -8.3% --
08/30/2021 08/30/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $1,025,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-2345

Santa Barbara Multiple Listing Service