NOT LISTED FOR SALE

501 W Chestnut Ave Lompoc, CA 93436

18 Beds
17 Baths
10,600 Sq Ft
0.4 Acre Lot

Sale Details

Date Sold: January 24, 2013

Last sale price $884,000 $83 Per Sq Ft

183 Days on Market

Highlights

  • 0.4 Acre Lot
  • Covered Patio or Porch
  • Coin Laundry
  • Corner Lot

About This Home

As of January 2013

1 - two-bedroom house and 16 - one-bedroom apts on corner lot, first time available for sale since built in 1958; separate gas & electric meters, common laundry room; garden courtyard; well maintained; open parking and ample street parking - financial reports available 3 -yrs actuals. One partner reserves right of first refusal to purchase. 509 house has a non-permitted garage conversion; 501D and 505D units have non-permitted rooms-previously storerooms. Landlord pays common area lights/water and laundry water, gas and electric. Selling Agent related to Partners.

Last Agent to Sell the Property

Catherine Romain

Wiser Property Management Sa License #00931207 Listed on: 06/14/2012

Last Buyer's Agent

John Maida

Valley Hills Realty License #01878963-nmls#1214283

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 17,424 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Tar and Gravel Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 10,600 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 17 Full Bathrooms

Parking

  • Private Parking
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • The owner pays for gardener, taxes, water
  • Assessor Parcel Number 091-013-006

Community Details

Building Details

  • Operating Expense $42,874
  • Net Operating Income $66,566

Additional Features

  • 17 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0.4 Acres

Listing Details

  • FILLACRES: 0.40
  • ApproxYrBlt: 1958
  • Directions To Property: From Southern CA go west on Ocean Avenue, turn right (north) onto H Street, turn left (west) on Chestnut Avenue. From Northern CA go south on H Street, turn right (west) on Chestnut Avenue.
  • Listing Member Name: Catherine L Romain
  • Listing Office Short Id: 3915
  • List Office Board Code: Lompoc Valley
  • Lot Size Sq Ft: 17424.00
  • Major Area: 60 - Lompoc
  • Open House Office I D: 20170308161119196869000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 6717
  • Selling Office Short Id: 388
  • Building Stories: 2
  • Tract Suffix: Avenue
  • OFFICELIST_ZIP4: 5842
  • Unit Levels: Two
  • Geen Feat.: Cable Available, Curbs/Gutter, Paved Streets, Sidewalks, Street Lights, Telephone
  • Income And Expenses Annual Operating Exp: 42874.00
  • Income And Expenses Cap Rate: 7.19
  • Landlord Pays: Gardener, Taxes, Water
  • Special Features: None
  • Stories: 2
  • Year Built: 1958

Interior Features

  • Street Number Modifier: 505, 509
  • Total Bathrooms: 17.00
  • Total Bedrooms: 18
  • Laundry: Coin Op, Laundry Eq/Leased

Exterior Features

  • Exterior: Stucco
  • Exterior Features: Patio, Patio Covered
  • Foundation: Slab
  • Roof: Composition, Shingle, Tar/Gravel

Garage/Parking

  • Parking: Private Lot, Street

Utilities

  • Air Conditioner: None
  • Heating: Natural Gas, Wall Furnace
  • Separate Meters: Electric, Gas

Lot Info

  • Lot Characteristics: Corner, Level
  • Zoning Description: Apartment

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Tax Info

  • Assessor Parcel Number: 091-013-006

Multi Family

  • Income And Expenses Net Operating Income: 66566.00
  • Annual Operating Expense: Accounting, Insurance, Janitorial Service, Legal, Lic/Advertis, Maintenance, Management, PRP Tx/Assessment, Water/Sewer
  • Total Number Units: 17

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

Listed on
Jun 14, 2012
Closed on
Jan 9, 2013
Sold by
Bought by
Seller's Agent
Catherine Romain
Wiser Property Management Sa
Buyer's Agent
John Maida
Valley Hills Realty
Sold Price
$884,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
0.0328%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$884,000 Fidelity National Title Co
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
Open $630,300
Closed $100,000
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
01/24/2013 01/24/13 Sold $884,000 -- $83 / Sq Ft
Source: North Santa Barbara County Regional MLS

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 $12,677 $1,110,340 $219,802 $890,538
2025 $11,996 $1,088,570 $215,493 $873,077
2023 $11,996 $1,046,301 $207,126 $839,175
2022 $11,785 $1,025,786 $203,065 $822,721
2021 $11,913 $1,005,674 $199,084 $806,590
2020 $11,784 $995,363 $197,043 $798,320
2019 $11,591 $975,847 $193,180 $782,667
2018 $11,411 $956,714 $189,393 $767,321
2017 $11,203 $937,956 $185,680 $752,276
2016 $11,001 $919,566 $182,040 $737,526
2014 $10,767 $888,012 $175,794 $712,218
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Santa Barbara County Regional MLS

MLS Number: 187427

North Santa Barbara County Regional MLS
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