V
Seller's Agent in 2024
Varinder Luhanibal
Coldwell Banker West
337 N K St Lompoc, CA 93436
Estimated Value: $642,000 - $984,000
7
Beds
4
Baths
2,496
Sq Ft
$353/Sq Ft
Est. Value
Highlights
- Private Yard
- Laundry Room
- 1-Story Property
- Cooling System Mounted To A Wall/Window
- Landscaped
About This Home
As of July 2024Discover a remarkable investment opportunity with this fully remodeled 4-unit multifamily property located in the heart of Lompoc, CA. Live in one unit while the others generate income! Investment Highlights:
Extensively renovated with modern finishes, including new kitchens, bathrooms, bedrooms, as well as new exterior and interior paint.
Efficient unit layout with appealing floor plans and great floor-to-ceiling height.
Includes 3 new dryers and 2 washers, enhancing tenant convenience.
Tenants are responsible for electricity, gas, sewer, and trash expenses, minimizing operating costs for the owner.
This property presents an attractive 6.6% CAP rate with a pro forma CAP rate of 8%, showcasing its potential for significant income growth.
Square Footage: 2,496
Lot Size: 6,970 SF
Unit Composition: 3 units with 2 beds & 1 bath each (672 SF each) and 1 unit with 1 bed & 1 bath (480 SF)
Current Rental Income: $7,950/month
Future Rental Income (Post June 1, 2024): $8,521/month
Parking: 4 spaces
Year Built: 1960, Renovated in 2023
Location Benefits:
Situated in Lompoc, CA, a city known for its thriving economy and significant growth. Close to notable economic drivers such as the Trident Missile Program and Vandenberg Space Force Base. Supported by economic development initiatives and the Lompoc Valley Chamber of Commerce, aiming to attract businesses and create job opportunities. This property is a perfect match for investors seeking to capitalize on Lompoc's growing market while enjoying the benefits of a fully remodeled, turnkey investment. With its strategic location, modern amenities, and strong income potential, this multifamily opportunity is poised to be a valuable addition to any investment portfolio.
Last Agent to Sell the Property
Varinder Luhanibal
Coldwell Banker West Brokerage Phone: 562-418-0998 License #02059761 Listed on: 05/02/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 6,970 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Private Yard
- Lawn
- Front Yard
Home Design
- Quadruplex
- Entry on the 1st floor
- Shingle Roof
Interior Spaces
- 2,496 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 091021023
Community Details
Overview
- 4 Units
- South East Lmpc Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 5 Separate Water Meters
- Insurance Expense $2,100
- Water Sewer Expense $2,400
- Operating Expense $26,072
- Gross Income $95,400
- Net Operating Income $65,884
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2024
Closed on
Jun 17, 2024
Sold by
Smartmove Management Llc
Bought by
Vallejo Yasmin Maya
Seller's Agent
Varinder Luhanibal
Coldwell Banker West
Buyer's Agent
George Morales
Compass
List Price
$995,000
Sold Price
$995,000
Views
23
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$113,939
Avg. Annual Appreciation
-7.89%
Original Mortgage
$705,000
Outstanding Balance
$694,684
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$186,377
Purchase Details
Closed on
Jul 26, 2023
Sold by
Acevedo Anthony Eduardo
Bought by
Smartmove Management Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 18, 2022
Closed on
Oct 28, 2022
Sold by
Gannon Capital Llc
Bought by
Acevedo Anthony Eduardo
Seller's Agent
Rosemarie Dumadara Koerner
New America Realty
Buyer's Agent
Ray Ando
New America Realty
List Price
$579,000
Sold Price
$580,000
Premium/Discount to List
$1,000
0.17%
Views
33
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.05%
Original Mortgage
$504,000
Interest Rate
6.7%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 9, 2022
Sold by
Superior Loan Services Inc
Bought by
Gannon Capital Llc
Purchase Details
Closed on
Nov 11, 2020
Sold by
Cox Kenneth J
Bought by
Cox Kenneth J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
2.8%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vallejo Yasmin Maya | $955,000 | Chicago Title | |
| Vallejo Yasmin Maya | $955,000 | Chicago Title | |
| Vallejo Yasmin Maya | -- | Chicago Title | |
| Smartmove Management Llc | -- | Netco Title | |
| Acevedo Anthony Eduardo | $560,000 | Ticor Title | |
| Gannon Capital Llc | $374,190 | Wfg National Title | |
| Cox Kenneth J | -- | Ticor Title San Diego Branch |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vallejo Yasmin Maya | $705,000 | |
| Closed | Vallejo Yasmin Maya | $705,000 | |
| Previous Owner | Smartmove Management Llc | $520,000 | |
| Previous Owner | Acevedo Anthony Eduardo | $504,000 | |
| Previous Owner | Cox Kenneth J | $318,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/12/2024 07/12/24 | Sold | $995,000 | 0.0% | $399 / Sq Ft | |
| 06/04/2024 06/04/24 | Pending | -- | -- | -- | |
| 05/02/2024 05/02/24 | For Sale | $995,000 | +71.6% | $399 / Sq Ft | |
| 11/02/2022 11/02/22 | Sold | $580,000 | +0.2% | $236 / Sq Ft | View Prior Sale |
| 10/25/2022 10/25/22 | Pending | -- | -- | -- | |
| 08/18/2022 08/18/22 | For Sale | $579,000 | -- | $235 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $7,218 | $955,000 | $180,000 | $775,000 |
| 2023 | $7,218 | $560,000 | $100,000 | $460,000 |
| 2022 | $2,810 | $243,731 | $88,626 | $155,105 |
| 2021 | $2,839 | $238,953 | $86,889 | $152,064 |
| 2020 | $1,429 | $117,506 | $24,476 | $93,030 |
| 2019 | $1,405 | $115,233 | $23,997 | $91,236 |
| 2018 | $1,383 | $113,004 | $23,527 | $89,477 |
| 2017 | $1,357 | $110,818 | $23,066 | $87,752 |
| 2016 | $1,333 | $108,675 | $22,614 | $86,061 |
| 2014 | $1,305 | $104,999 | $21,839 | $83,160 |
Source: Public Records
Agents Affiliated with this Home
-
-
George Morales
Buyer's Agent in 2024
George Morales
Compass
(310) 230-5478
1 in this area
22 Total Sales
-
Rosemarie Dumadara Koerner
Seller's Agent in 2022
Rosemarie Dumadara Koerner
New America Realty
(805) 478-4784
1 in this area
67 Total Sales
-
R
Buyer's Agent in 2022
Ray Ando
New America Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PT24087831
APN: 091-021-017
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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