NOT LISTED FOR SALE

621 W Ocean Ave Lompoc, CA 93436

Lompoc Area
10 Beds
6 Baths
4,302 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: April 26, 2024

Last sale price $985,000 $229 Per Sq Ft

40 Days on Market

About This Home

As of April 2024

Garden style apartments located near Old Towne Lompoc and close to shopping, restaurants, and Ryon Park. Good unit mix with (4) 2Bed/1Bath and (2) 1Bed/1Bath units. Property has laundry room and off-street parking in the rear of the building. ONLY $162,500 PER UNIT. Good upside in rents. Cap Rate of 5.1% on Actuals and 8.1% Proforma.

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial RE License #01318215 Listed on: 04/03/2024

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 1958

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • 4,302 Sq Ft Home
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Wall Furnace

Community Details

  • 2 Units

Listing and Financial Details

  • Security Deposit $25,000
  • Tenant pays for gas, electricity

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • LotSizeAcres: 0.16
  • Co List Office Mls Id: 201000376
  • Directions: Travel west on Hwy 246 from Buellton. Hwy 246 becomes Hwy 1 and Ocean Ave. Property is on your right, 0.4 mile past H St (main intersection).
  • Year Built: 1958
  • Listing, Location and Property Info: Deposit: 25000.0
  • General Property Information: Total # Units: 6
  • Special Features: None

Interior Features

  • Full Bathrooms: 6
  • Total Bedrooms: 10

Exterior Features

  • Foundation Details: Slab, None
  • Roof: Composition, Shingle

Utilities

  • Heating: Wall Furnace, Natural Gas
  • Laundry Features: Laundry Eq/Leased
  • Cooling: None
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 6970.0
  • Zoning Description: Multi-Fam R3

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Number Of Units Total: 2

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
Apr 3, 2024
Closed on
Apr 10, 2024
Sold by
Cathy Carter Duncan 1991 Trust and Duncan Cathy Carter
Bought by
Seller's Agent
Steve Battaglia
Battaglia Commercial RE
Buyer's Agent
Default Non Member Santa Ynez
Unknown Office
List Price
$975,000
Sold Price
$985,000
Premium/Discount to List
$10,000
1.03%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,000
Outstanding Balance
$551,396
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2011
Sold by
Banducci Derek
Bought by
Duncan Cathy Carter and Cathy Carter Duncan 1991 Trust

Purchase Details

Closed on
Mar 9, 2003
Sold by
Ocean Avenue Investments
Bought by
Banducci Derek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
5.83%
Mortgage Type
Commercial
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
$985,000 Wfg National Title
Duncan Cathy Carter $360,000 First American Title Company
Banducci Derek $425,000 Stewart Title Of Ca Inc
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 $565,000
Previous Owner Banducci Derek $285,000
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
04/26/2024 04/26/24 Sold $985,000 +1.0% $229 / Sq Ft
04/03/2024 04/03/24 Pending -- -- --
02/23/2024 02/23/24 For Sale $975,000 -- $227 / 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 $11,561 $1,024,794 $109,242 $915,552
2025 $4,982 $1,004,700 $107,100 $897,600
2023 $4,982 $434,611 $96,577 $338,034
2022 $4,894 $426,090 $94,684 $331,406
2021 $4,947 $417,736 $92,828 $324,908
2020 $4,894 $413,454 $91,877 $321,577
2019 $4,813 $405,348 $90,076 $315,272
2018 $4,739 $397,401 $88,310 $309,091
2017 $4,652 $389,610 $86,579 $303,031
2016 $4,568 $381,972 $84,882 $297,090
2014 $4,471 $368,866 $81,970 $286,896
Source: Public Records

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Map

Source: North Santa Barbara County Regional MLS

MLS Number: 24000297

North Santa Barbara County Regional MLS
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