NOT LISTED FOR SALE

507 W Ocean Ave Lompoc, CA 93436

Lompoc Area
12 Beds
-- Baths
4,032 Sq Ft
0.32 Acre Lot

Sale Details

Date Sold: January 28, 2022

Last sale price $1,220,000 $303 Per Sq Ft

5 Days on Market

Highlights

  • 0.32 Acre Lot
  • Level Lot
  • Heating System Uses Natural Gas
  • 1-Story Property

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 RE License #01318215 Listed on: 11/10/2021

Last Buyer's Agent

Default Non Member Santa Ynez

Unknown Office

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 13,939 Sq Ft Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 12 Bedrooms
  • 4,032 Sq Ft Home
  • 1-Story Property

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Security Deposit $35,000
  • Tenant pays for gas, electricity
  • The owner pays for trash collection, water, gardener, taxes, insurance

Community Details

Amenities

  • No Laundry Facilities

Building Details

  • Operating Expense $29,492
  • Net Operating Income $61,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0.32 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Unit Levels: One
  • LotSizeAcres: 0.32
  • Co List Office Mls Id: 201000376
  • Directions: From intersection of H St and Ocean Ave in Lompoc, go west on Ocean Ave. Property is 5 blocks ahead on your right.
  • Year Built: 1952
  • Listing, Location and Property Info: Deposit: 35000.0
  • Lot Characteristics: Level
  • General Property Information: Year Built Exception: Unknown
  • Separate Meters: Gas, Electric
  • General Property Information: Total # Units: 6
  • Levels: One
  • Income & Expenses: Annual Operating Exp: 29492.0
  • Income & Expenses: Net Operating Income: 61300.0
  • Special Features: None

Interior Features

  • Owner Pays: Trash Collection, Water, Gardener, Taxes, Insurance
  • Total Bedrooms: 12

Exterior Features

  • Construction Type: Stucco
  • Foundation Details: Slab, None
  • Roof: Composition

Garage/Parking

  • Parking Features: 6 - 10

Utilities

  • Heating: Wall Furnace, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: None
  • Cooling: None
  • Heating Yn: Yes
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 13939.0
  • Zoning Description: Multi-Fam R3

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Number Of Units Total: 1

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
Nov 10, 2021
Closed on
Dec 6, 2021
Sold by
Gomez Ireneo M and Gomez Maria Raquel
Bought by
Seller's Agent
Steve Battaglia
Battaglia Commercial RE
Buyer's Agent
Default Non Member Santa Ynez
Unknown Office
Sold Price
$1,220,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,000
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2006
Sold by
Boehme Thomas K and Boehme Gail G
Bought by
Gomez Ireneo M and Gomez Maria Raquel
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,220,000 First American Title
Gomez Ireneo M $575,000 Chicago Title Company
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
Previous Owner -- $915,000
Previous Owner Gomez Ireneo M $300,000
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
01/28/2022 01/28/22 Sold $1,220,000 -- $303 / 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
2025 $2,836 $149,728 $53,279 $96,449
2023 $2,836 $143,915 $51,211 $92,704
2022 $2,636 $141,094 $50,207 $90,887
2021 $1,548 $138,328 $49,223 $89,105
2020 $1,528 $136,911 $48,719 $88,192
2019 $1,521 $134,227 $47,764 $86,463
2018 $1,483 $131,596 $46,828 $84,768
2017 $1,466 $129,016 $45,910 $83,106
2016 $1,416 $126,487 $45,010 $81,477
2015 $1,365 $124,588 $44,334 $80,254
2014 $1,339 $122,148 $43,466 $78,682
Source: Public Records

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Map

Source: North Santa Barbara County Regional MLS

MLS Number: 21002160

North Santa Barbara County Regional MLS
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