NOT LISTED FOR SALE

701 N F St Lompoc, CA 93436

East Lompoc Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.8 Acres

Last Sold July 09, 2024

Last sale price $5,250,000

6 Days on Market

About This Home

As of July 2024

Well maintained 30-units in Lompoc with in place 6.0% Cap rate on current rents as of June 1. 5 detached buildings (701-717 F ST) on 5 parcels totaling 34,850 SF of land. Built in 1960, the several upgrades completed w/in last couple years inc new roofs and gutters, fresh exterior paint, fencing and secure gates along w/ tankless water heaters (3 in each building). Windows are dual paned. Kitchens have granite countertops. Second story units feature exposed beam ceilings. Maple trees along with drought tolerant landscape provide shade and inviting curb appeal. Lompoc High School, shopping and buslines. Sep metered for electricity and gas. Assigneduncovered parking. Excellent investment offering solid in place income with additional 15% upside in rents. Located in an opportunity zone.

Last Listed By

Nick Henry

Beachside Partners License #01748131 Listed on: 05/21/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.8 Acre Lot

Utilities

  • Shared Gas Meter
  • Individual Gas Meter

Community Details

  • 30 Units
  • Gross Income $501,540

Listing and Financial Details

  • Assessor Parcel Number 087-092-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1960
  • Income Expenses Annual Income: 501540.0
  • Capitalization Rate: 6.0
  • Gross Rent Multiplier: 10.4
  • Monthly Income: 41795.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Co List Office Mls Id: jonsta
  • Co List Office Phone: 805-626-0112
  • Property Information Year Built2: 1960
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Property Information Apx Lot SqFt: 34850.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.8

Schools

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

Lot Info

  • Parcel #: 087-092-006
  • Zoning: Other
  • Lot Size Sq Ft: 34850.0

Multi Family

  • Number Of Units Total: 30
  • Annual Gross Income: 501540.0
  • Total Actual Rent: 41795.0

Range of Values:

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Average Value
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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 Change Sq Ft Price
07/09/2024 07/09/24 Sold $5,250,000 +1.0% --
05/28/2024 05/28/24 Pending -- -- --
05/21/2024 05/21/24 For Sale $5,200,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nick Henry

    Seller's Agent in 2024

    Nick Henry

    Beachside Partners

    (805) 705-7311

    1 in this area

    60 Total Sales

    Nick Henry
    Section Image
  • Lori Zahn

    Seller Co-Listing Agent in 2024

    Lori Zahn

    Beachside Partners

    (805) 626-3150

    1 in this area

    18 Total Sales

    Lori Zahn
    Section Image
  • Andrew 'Andy' Adler

    Buyer's Agent in 2024

    Andrew 'Andy' Adler

    Century 21 Masters

    (805) 722-2640

    2 in this area

    19 Total Sales

    Andrew 'Andy' Adler
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-1637

Santa Barbara Multiple Listing Service

California Santa Barbara County Lompoc 93436 East Lompoc

701 N F St, Lompoc, CA

Homes for Sale in Lompoc, CA

This home is located at 701 N F St, Lompoc, CA 93436 since 21 May 2024. This property was built in 1960. 701 N F St is a home located in Santa Barbara County with nearby schools including La Honda STEAM Academy, Cabrillo High School, and Olive Grove Charter - Lompoc.

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