NOT LISTED FOR SALE

324 N L St Lompoc, CA 93436

-- Bed
-- Bath
-- Sq Ft
0.48 Acres

Last Sold January 05, 2024

Last sale price $1,520,000

21 Days on Market

Highlights

  • 0.48 Acre Lot
  • Patio
  • Laundry Room
  • Property is near park, schools, and shops

About This Home

As of January 2024

Three (3) single story fourplexes on 2 parcels with all 1Bed/1Bath units, each featuring a private rear patio. Units are separately metered for electricity and gas, and each building has its own water meter. 12 uncovered parking spaces at rear of property. Most tenants are long term, and all rental agreements are month to month. Larger parcel may be of sufficient size to split so that each fourplex resides on a separate lot. Check with your architect and/or the City to confirm parcel eligibility for lot split/merger.

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 08/18/2023

Last Buyer's Agent

Steven Battaglia

Lee & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Lot Details

  • 0.48 Acre Lot
  • Property is in average condition

Home Design

  • Raised Foundation

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Individual Gas Meter

Additional Features

  • Laundry Room
  • Patio
  • Property is near park, schools, and shops

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 091-021-013

Community Details

Overview

  • 12 Units

Building Details

  • Operating Expense $57,412
  • Gross Income $135,660
  • Net Operating Income $74,179

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1993
  • Income Expenses Annual Income: 135660.0
  • Capitalization Rate: 4.24
  • Gross Rent Multiplier: 12.90
  • Annual Expenses: 57412.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • ResoLaundryFeatures: Laundry Room
  • New Construction: No
  • Reso Property Condition: Fair
  • Property Information Year Built2: 1993
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • HeatingCooling Wall3: Yes
  • Parking Info Uncovered: Yes
  • Parking Info Total # Unconvered Spaces: 12.0
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 20909.0
  • Condition Fair2: Yes
  • Amenities Patio2: Yes
  • Foundation Raised2: Yes
  • IncomeExpenses NOI2: 74179
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.48
  • Foundation Details: Raised

Garage/Parking

  • Open Parking Spaces: 12.0
  • Parking Features: Uncovered

Schools

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

Lot Info

  • Parcel #: 091-021-013
  • Zoning: R-3
  • Lot Size Sq Ft: 20909.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 135660.0
  • Annual Operating Expense: 57412.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
01/05/2024 01/05/24 Sold $1,520,000 -13.1% --
09/08/2023 09/08/23 Pending -- -- --
08/18/2023 08/18/23 For Sale $1,750,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

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 $4,117 $1,033,600 $272,000 $761,600
2023 $4,117 $354,965 $198,783 $156,182
2022 $4,043 $348,006 $194,886 $153,120
2021 $4,084 $341,183 $191,065 $150,118
2020 $4,040 $337,685 $189,106 $148,579
2019 $3,973 $331,065 $185,399 $145,666
2018 $3,911 $324,574 $181,764 $142,810
2017 $3,839 $318,210 $178,200 $140,010
2016 $3,770 $311,971 $174,706 $137,265
2014 $3,689 $301,268 $168,712 $132,556
Source: Public Records

Agents Affiliated with this Home

  • Steve Battaglia

    Seller's Agent in 2024

    Steve Battaglia

    Battaglia Commercial Real Esta

    (805) 688-5333

    9 in this area

    73 Total Sales

    Steve Battaglia
    Section Image

  • S

    Buyer's Agent in 2024

    Steven Battaglia

    Lee & Associates

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-2467

Santa Barbara Multiple Listing Service
California Santa Barbara County Lompoc 93436

324 N L St, Lompoc, CA

Not Listed for Sale

MultiFamily

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