$5,250,000
SOLD JUL 9, 2024

701 N F St Lompoc, CA 93436

East Lompoc Neighborhood
2 Beds
1 Bath
-- Sq Ft
0.8 Acres

Recently Sold

12 Days on Market

Highlights

  • Senior Community
  • 0.8 Acre Lot
  • Heating Available

About This Home

As of July 2024

Rare opportunity to acquire a well maintained 30-unit complex in Santa Barbara county for a 6.0% Cap rate on current rents!701-717 North F Street is a well maintained 30-unit apartment building located in Lompoc featuring 5 detached buildings on 5parcels totaling 34,850 SF of land. Built in 1960 the building has had several meaningful upgrades within the last couple yearsincluding new roofs and gutters, fresh exterior paint, fencing and secure gates along with tankless water heaters (3 in eachbuilding). 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. Convenient location for tenantswithin close proximity to Lompoc High School, shopping and buslines. Separately metered for electricity and gas. Assigneduncovered parking. Excellent investment offering solid in place income with additional 15% upside in rental rates. Property isin an opportunity zone.

Last Agent to Sell the Property

Nick Henry

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

Co-Listed By

Lori Zahn

Lori Zahn, Broker License #01914851

Last Buyer's Agent

Andrew 'Andy' Adler

Century 21 Masters License #01162080

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.8 Acre Lot
  • No Common Walls
  • No Sprinklers

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 30 Parking Spaces
  • Parking Available

Additional Features

  • Gas Range
  • Urban Location
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 087092006

Community Details

Overview

  • Senior Community
  • 5 Buildings

Building Details

  • 30 Separate Electric Meters
  • 30 Separate Gas Meters
  • 5 Separate Water Meters
  • Gross Income $41,795

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 087092006
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Total Parking Spaces: 30.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range

Condo/Co-op/Association

  • Senior Community: Yes
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 34850.00
  • Lot Size Acres: 0.8000

Multi Family

  • Gross Income: 41795.00
  • Gross Scheduled Income: 501540.00
  • Lot Size Area: 34850.0000 Square Feet
  • Number Of Separate Electric Meters: 30
  • Number Of Separate Gas Meters: 30
  • Number Of Separate Water Meters: 5
  • Rent Control: No

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: Ventura County Regional Data Share

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

    2 in this area

    64 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

    18 Total Sales

    Andrew 'Andy' Adler
    Section Image
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Map

Source: Ventura County Regional Data Share

MLS Number: V1-23653

Ventura County Regional Data Share

California Santa Barbara County Lompoc 93436 East Lompoc

701 N F St, Lompoc, CA

This home is located at 701 N F St, Lompoc, CA 93436 and is currently priced at $5,250,000. 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Ventura County Regional Data Share IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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