$2,760,000

733 N C St Lompoc, CA 93436

East Lompoc Neighborhood

Estimated payment $18,047/month

Total Views 122
1 Bed
2 Baths
11,254 Sq Ft
$245 Price per Sq Ft

Highlights

  • 0.53 Acre Lot
  • Vinyl Flooring
  • Wall Furnace
  • 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, 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 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

Steven Battaglia, Broker Brokerage Phone: 8056806431 License #01318215 Listed on: 07/22/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.53 Acre Lot
  • Two or More Common Walls
  • Density is 36-40 Units/Acre

Home Design

  • Apartment
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

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

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Parking

  • 19 Open Parking Spaces
  • 19 Parking Spaces
  • Parking Available
  • Off-Street Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 087103020

Community Details

Overview

  • 22 Units
  • North East Lmpc Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 23 Separate Electric Meters
  • 23 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Fuel Expense $1
  • Insurance Expense $7,440
  • Other Expense $14,000
  • Professional Management Expense $130,999
  • Trash Expense $1
  • Water Sewer Expense $1
  • 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

  • CapRate: 4.17
  • Price Per Unit: 125455
  • Professional Management Expense: 130999.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: North East Lmpc(47)
  • Water Sewer Expenses: 1.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 087103020
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Vinyl
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 245.25

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street, On Site
  • Total Parking Spaces: 19.00
  • Uncovered Spaces: 19.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 23087.00
  • Lot Size Acres: 0.5300

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 567 Square Feet
  • Average Studio Area: 420 Square Feet
  • Electric Expense: 1.00
  • Fuel Expense: 1.00
  • Gross Income: 229800.00
  • Gross Multiplier: 12.01
  • Gross Scheduled Income: 229800.00
  • Insurance Expense: 7440.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 250.00
  • Lot Size Area: 23087.0000 Square Feet
  • Net Operating Income: 115137.00
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 22
  • Number With Range: 22
  • Number With Refrigerator: 22
  • Operating Expense: 103173.00
  • Other Expense: 14000.00
  • Rent Control: Yes
  • Total Expenses: 103173.00

Tax Info

  • Tax Census Tract: 27.06
  • Tax Lot: 2

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
07/21/2025 07/21/25 For Sale $2,760,000 -- $245 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI25159888

California Regional Multiple Listing Service (CRMLS)

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Steve Battaglia
Listing Agent
Steve Battaglia
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Steven Battaglia, Broker
(805) 576-9903