NOT LISTED FOR SALE

507 W Ocean Ave Lompoc, CA 93436

West Lompoc Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.32 Acres

Last Sold January 28, 2022

Last sale price $1,220,000

67 Days on Market

About This Home

As of January 2022

Bread and butter units in south Lompoc. The property features 6 well-maintained, single story, 2Bed/1Bath units in 2 buildings. Dual pane windows and tile flooring throughout. Units are separately metered for electricity and gas. 10 uncovered parking spaces at rear of property. Most tenants are long term, and all rental agreements are month to month.

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 11/10/2021

Last Buyer's Agent

Non Member Agent

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 0.32 Acre Lot
  • Property is in average condition

Home Design

  • Slab Foundation

Interior Spaces

  • 1-Story Property

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Utilities

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

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 091-073-018

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $29,492
  • Gross Income $93,600
  • Net Operating Income $61,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1952
  • Income Expenses Annual Income: 93600.0
  • Capitalization Rate: 5.0
  • Gross Rent Multiplier: 13.1
  • Annual Expenses: 29492.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 10.0
  • Building Stories: 1
  • ResoLaundryFeatures: None
  • New Construction: No
  • Reso Property Condition: Average
  • Property Information Year Built2: 1952
  • Property Information Apx # Acres: 0.32
  • 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: 10.0
  • Foundation:Slab: Yes
  • General Property Information Stories2: 1.0
  • Condition Average2: Yes
  • IncomeExpenses NOI2: 61300
  • HeatingCooling AC None2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Acres: 0.32
  • Foundation Details: Slab

Garage/Parking

  • Open Parking Spaces: 10.0
  • Parking Features: Uncovered
  • Total Parking Spaces: 10.0

Schools

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

Lot Info

  • Parcel #: 091-073-018
  • Zoning: R-3
  • Lot Size Sq Ft: 13939.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 93600.0
  • Annual Operating Expense: 29492.0

Range of Values:

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Average Value
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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
01/28/2022 01/28/22 Sold $1,220,000 -0.4% --
11/15/2021 11/15/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $1,225,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Battaglia

    Seller's Agent in 2022

    Steve Battaglia

    Battaglia Commercial Real Esta

    (805) 688-5333

    4 in this area

    77 Total Sales

    Section Image

  • N

    Buyer's Agent in 2022

    Non Member Agent

    Non Member Office

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-3408

Santa Barbara Multiple Listing Service

California Santa Barbara County Lompoc 93436 West Lompoc

507 W Ocean Ave, Lompoc, CA

This home is located at 507 W Ocean Ave, Lompoc, CA 93436 since 10 November 2021. This property was built in 1952. 507 W Ocean Ave is a home located in Santa Barbara County with nearby schools including Miguelito Elementary School, Lompoc Valley Middle School, and Lompoc High School.

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