NOT LISTED FOR SALE

625 N B St Lompoc, CA 93436

Studio
-- Bath
-- Sq Ft
0.55 Acres

Last Sold August 11, 2015

Last sale price $1,127,500

Highlights

  • 0.55 Acre Lot
  • Laundry Room
  • Carpet

About This Home

As of August 2015

The property features 12 single story, garden style apartment units consisting of 10 two-bedroom/one-bath units and two one-bedroom/one-bath units. The units are spacious and offer an investor upside with minimal investment. Each unit is separately metered for gas and electric. The property features a large, open grassy area in front and two of the units
have private yard/side yard areas. The complex also features an on site laundry room and generous parking in the rear of the property. This is an ideal property for an investor looking to take advantage of a strong rental market to achieve solid upside in investment returns. The City of Lompoc (current population approximately 67,000 including the adjacent Vandenberg Air Force Base) is located along the scenic Pacific Coast Highway (Hwy 1) and Highway 246, approximately 55 miles northwest of Santa Barbara. Lompoc is surrounded by rolling hills on three sides and open along the western side towards the Pacific Ocean
which is only nine miles from downtown.

Lompoc is home to the 30th Space Wing at Vandenberg Air Force Base. This base is responsible for all Defense Department operations related to space, satellite and missile activity on the West Coast. The wing supports NASA, NOAA and various private industry partners. Additionally, Lompoc is home to Allan Hancock College, a public community college ranked in the top five in the State of California and in the top 120 in the country.

Last Agent to Sell the Property

Brian Johnson

Radius Group Commercial RE License #01361925 Listed on: 06/11/2015

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.55

Additional Features

  • Carpet
  • Laundry Room
  • 0.55 Acre Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 087153002

Community Details

Overview

  • 12 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Subdivision Name Other: Not Applicable
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 087153002
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Levels: One

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 23958.00
  • Lot Size Acres: 0.5500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 23958.0000 Square Feet
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
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 List to Sale Price per Sq Ft Prior Sale
08/11/2015 08/11/15 Sold $1,127,500 0.0% -- View Prior Sale
08/11/2015 08/11/15 Sold $1,127,500 -5.6% --
06/11/2015 06/11/15 Pending -- -- --
06/11/2015 06/11/15 Pending -- -- --
04/29/2015 04/29/15 For Sale $1,195,000 -- --
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

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 $14,582 $2,448,000 $459,000 $1,989,000
2023 $14,582 $1,282,897 $512,020 $770,877
2022 $14,331 $1,257,743 $501,981 $755,762
2021 $14,491 $1,233,083 $492,139 $740,944
2020 $14,334 $1,220,440 $487,093 $733,347
2019 $14,101 $1,196,511 $477,543 $718,968
2018 $13,884 $1,173,051 $468,180 $704,871
2017 $13,632 $1,150,050 $459,000 $691,050
2016 $13,387 $1,127,500 $450,000 $677,500
2015 $9,551 $794,583 $245,905 $548,678
2014 $9,418 $779,020 $241,089 $537,931
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Brian Johnson

    Marcus and Millichap

  • Steve Golis

    Buyer's Agent in 2015

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    2 in this area

    92 Total Sales

    Steve Golis
    Section Image

  • N

    Buyer's Agent in 2015

    Non Member

    Non Member Office

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Map

Source: Ventura County Regional Data Share

MLS Number: V0-215006290

Ventura County Regional Data Share
California Santa Barbara County Lompoc 93436

625 N B St, Lompoc, CA

Not Listed for Sale

MultiFamily

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