$2,760,000

733 N C St Lompoc, CA 93436

East Lompoc Neighborhood

Estimated payment $18,047/month

Total Views 122
22 Beds
22 Baths
11,254 Sq Ft
$245 Price per Sq Ft

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 RE License #01318215 Listed on: 07/21/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.53 Acre Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

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

Bedrooms and Bathrooms

  • 22 Bedrooms
  • 22 Full Bathrooms

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Security Deposit $75,000
  • The owner pays for trash collection, water
  • Assessor Parcel Number 087-103-020

Community Details

Building Details

  • Operating Expense $103,173
  • Net Operating Income $115,137

Additional Features

  • 22 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • FILLACRES: 0.53
  • ApproxYrBlt: 1960
  • Directions To Property: From Highway 101, take Rte 246 west toward Lompoc, continue on Rte 246 into town, turn right onto A Street followed by a left onto Pine Ave, then left on Cst. 733 N C Street will be on the Right.
  • Listing Member Name: Steven R Battaglia
  • Listing Office Short Id: 201000376
  • List Office Board Code: Santa Ynez Valley
  • Lot Size Sq Ft: 23086.00
  • Major Area: 60 - Lompoc
  • Open House Office I D: 20170308161134642206000000
  • Property Sub Type: Multi Family
  • Prop. Type: Multi-Family
  • Building Stories: 2
  • Tract Suffix: Street
  • Income And Expenses Annual Operating Exp: 103173.00
  • Income And Expenses Cap Rate: 4.17
  • Landlord Pays: Trash Collection, Water
  • Studio Full Bathrooms: 1
  • Special Features: None
  • Stories: 2
  • Year Built: 1960

Interior Features

  • Total Bathrooms: 22.00
  • Total Bedrooms: 22
  • Laundry: Common, Coin Op, Laundry Eq/Own

Exterior Features

  • Foundation: Slab
  • Roof: Composition, Shingle

Garage/Parking

  • Parking: Other, 11 - 25

Utilities

  • Air Conditioner: None
  • Heating: Wall Furnace
  • Sewer: Public Sewer
  • Hot Water: Public
  • Separate Meters: Gas, Electric

Lot Info

  • Zoning Description: Multi-Fam R3

Rental Info

  • Deposit: 75000.00
  • Tenant Pays: Gas, Electricity

Tax Info

  • Assessor Parcel Number: 087-103-020

Multi Family

  • Income And Expenses Net Operating Income: 115137.00
  • Annual Operating Expense: Insurance, Management, Maintenance, Utilities
  • Efficiency Studio Rent Range: $800-900
  • Total Number Units: 22

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/21/2025 07/21/25 For Sale $2,760,000 -- $245 / Sq Ft
Source: North Santa Barbara County Regional MLS

Similar Home in Lompoc, CA

  • 733 N C St, Lompoc, CA 93436

    $2,760,000

    • 1 Bed
    • 2 Baths
    • 11,254 Sq Ft
    • 733 N C St
    • Lompoc, CA

    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

    Steve Battaglia Steven Battaglia, Broker

    Section Image
See All Homes in Lompoc

Source: North Santa Barbara County Regional MLS

MLS Number: 25001462

North Santa Barbara County Regional MLS

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.

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.

North Santa Barbara County Regional MLS 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.

Nearby Homes
Steve Battaglia
Listing Agent
Steve Battaglia
Section Image
Battaglia Commercial RE
(805) 576-9903