$2,760,000
PENDING

733 N C St Lompoc, CA 93436

East Lompoc Neighborhood

Estimated payment $17,682/month

Total Views 3,646
-- Bed
-- Bath
11,254 Sq Ft
$245 Price per Sq Ft

Highlights

  • 0.53 Acre Lot
  • Forced Air Heating System
  • Property is in excellent condition
  • Laundry Room

About This Home

Coral Apartments in Lompoc is a well maintained 22-unit multifamily apartment complex in Lompoc with upgraded copper plumbing, newer ABS sewer lines, newer gas heaters, upgraded tile bathrooms, & more. 8-1bd apts & 14 studios surround a tastefully landscaped courtyard, with security gates and camera system in addition to on-site parking and a common laundry room. The property is operated subject to an affordable covenant that expires in 2034 which restricts the renting of the apartments to ''Low'' or ''Very Low'' Income Households. Even with the affordable restrictions, there is strong upside in rents that can yield a Proforma CAP rate of 9.6 giving the savvy investor ''value-add'' opportunity in the short term with additional upside once the affordable agreement expires.

Listing Agent

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 07/21/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.53 Acre Lot
  • Property is in excellent condition

Home Design

  • Slab Foundation

Interior Spaces

  • 11,254 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Parking

  • 19 Open Parking Spaces
  • 22 Parking Spaces

Utilities

  • Forced Air Heating System
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 087-103-020
  • Seller Considering Concessions

Community Details

Overview

  • 22 Units

Building Details

  • Operating Expense $103,173
  • Gross Income $229,800
  • Net Operating Income $115,137

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: 229800.0
  • Capitalization Rate: 4.17
  • Gross Rent Multiplier: 12.01
  • Annual Expenses: 103173.0
  • Monthly Income: 19150.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 22.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1960
  • Property Information Apx # Acres: 0.53
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Uncovered: Yes
  • Parking Info Total # Unconvered Spaces: 19.0
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Laundry Laundry Room2: Yes
  • Property Information Main House SqFt: 11254.0
  • Property Information Apx Lot SqFt: 23086.0
  • General Property Information Stories2: 2.0
  • HeatingCooling GFA: Yes
  • IncomeExpenses NOI2: 115137
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.53
  • Foundation Details: Slab

Garage/Parking

  • Open Parking Spaces: 19.0
  • Parking Features: Uncovered
  • Total Parking Spaces: 22.0

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Schools

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

Lot Info

  • Parcel #: 087-103-020
  • Zoning: R-3
  • Lot Size Sq Ft: 23086.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 22
  • Annual Gross Income: 229800.0
  • Annual Operating Expense: 103173.0
  • Total Actual Rent: 19150.0

Map

Range of Values:

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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
08/14/2025 08/14/25 Pending -- -- --
07/21/2025 07/21/25 For Sale $2,760,000 -- $245 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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    Coral Apartments in Lompoc is a well maintained 22-unit multifamily apartment complex in Lompoc with upgraded copper plumbing, newer ABS sewer lines, newer gas heaters, upgraded tile bathrooms, and more. The (8) 1-bedroom and (14) studios apartments surround a tastefully landscaped courtyard, and residents enjoy the comfort of security gates and camera system in addition to on-site parking and a

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Source: Santa Barbara Multiple Listing Service

MLS Number: 25-2768

Santa Barbara Multiple Listing Service
California Santa Barbara County Lompoc 93436 East Lompoc

733 N C St, Lompoc, CA

This home is located at 733 N C St, Lompoc, CA 93436 and is currently priced at $2,760,000, approximately $245 per square foot. This property was built in 1960. 733 N C St is a home located in Santa Barbara County with nearby schools including Leonora Fillmore Elementary School, Lompoc Valley Middle School, and Lompoc High School.

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Steve Battaglia
Listing Agent
Steve Battaglia
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Battaglia Commercial Real Esta
(805) 576-9903