NOT LISTED FOR SALE

736 N E St Lompoc, CA 93436

Estimated Value: $578,000 - $754,000

9 Beds
6 Baths
2,970 Sq Ft
$227/Sq Ft Est. Value

Last Sold January 26, 2017

Last sale price $2,155,000 $726 Per Sq Ft

Current estimated payment $3,927/month

56 Days on Market

Highlights

  • Property is near a park
  • Patio
  • 3 Car Garage
  • Cabrillo High School Rated A-
  • Laundry Room
  • Carpet

About This Home

As of January 2017

Now listed with GRM less then 10 on existing rents. Great opportunity to acquire 18 units in Lompoc with upside in rents. Portfolio is comprised of 6 triplexes on 6 non-contiguous parcels. Unit mix is (16) 3Bed/2Bath and (2) 2Bed/1Bath. All units are separately metered for electric and gas and have private patios. Each triplex has its own laundry/storage room and covered parking. Bring your offer.

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 07/08/2016

Last Buyer's Agent

Peter Leyva

Wilshire Group License #01831808

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,970

Parking

  • 3 Car Garage
  • 15 Carport Spaces

Home Design

  • Slab Foundation

Flooring

  • Carpet
  • Vinyl

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Individual Gas Meter

Additional Features

  • Stove
  • Laundry Room
  • Patio
  • Back Yard Fenced

Community Details

  • 18 Units
  • Gross Income $227,400

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 087-102-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1959
  • Income Expenses Annual Income: 227400.0
  • Capitalization Rate: 5.21
  • Gross Rent Multiplier: 10.88
  • Monthly Income: 18950.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 18.0
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Reso Flooring: Vinyl, Carpet
  • Garage Yn: Yes
  • Property Information Year Built2: 1959
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • HeatingCooling Wall3: Yes
  • Parking Info Carport2: Yes
  • Parking Info Total # Carport Spaces2: 15.0
  • Foundation:Slab: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Parking Info Garages: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Fncd Back: Yes
  • Amenities Patio2: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Parking Info Total # Garage Spaces2: 3.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Garages, Carport
  • Total Parking Spaces: 18.0

Schools

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

Lot Info

  • Parcel #: 087-102-001
  • Zoning: R-3

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 18
  • Annual Gross Income: 227400.0
  • Total Actual Rent: 18950.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2016
Sold by
North Star Management Company
Bought by
Pini Dario L and The Dario L Pini Trust
Current Estimated Value
$675,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 2009
Sold by
North James B and North Laurine B
Bought by
North Star Management Co

Purchase Details

Closed on
Feb 19, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
North James B and North Laurine B

Purchase Details

Closed on
Nov 28, 2007
Sold by
Orellana Ricardo and Orellana Maria
Bought by
Deutsche Bank National Trust Co and The Certificateholders Of Soundview Home

Purchase Details

Closed on
Jul 3, 2002
Sold by
Jerez Antonio F and Jerez Ivonoe
Bought by
Orellana Ricardo and Orellana Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,400
Interest Rate
6.12%

Purchase Details

Closed on
Oct 10, 2000
Sold by
Sandoval Angel and Sandoval Alma
Bought by
Jerez Antonio F and Jerez Ivanoe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,250
Interest Rate
7.86%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Pini Dario L $2,155,000 First American Title Company
North Star Management Co -- None Available
North James B $210,000 First American Title Ins Co
Deutsche Bank National Trust Co $361,250 Accommodation
Orellana Ricardo $304,500 First American Title
Jerez Antonio F $182,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pini Dario L $700,000
Previous Owner Orellana Ricardo $243,400
Previous Owner Jerez Antonio F $164,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2017 01/26/17 Sold $2,155,000 -12.9% $726 / Sq Ft
09/02/2016 09/02/16 Pending -- -- --
07/08/2016 07/08/16 For Sale $2,475,000 -- $833 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,662 $427,089 $104,449 $322,640
2023 $4,662 $410,506 $100,394 $310,112
2022 $4,582 $402,458 $98,426 $304,032
2021 $4,633 $394,568 $96,497 $298,071
2020 $4,584 $390,523 $95,508 $295,015
2019 $4,509 $382,867 $93,636 $289,231
2018 $4,439 $375,360 $91,800 $283,560
2017 $2,778 $233,005 $110,954 $122,051
2016 $2,728 $228,437 $108,779 $119,658
2014 $2,670 $220,601 $105,048 $115,553
Source: Public Records

Agents Affiliated with this Home

  • Steve Battaglia

    Seller's Agent in 2017

    Steve Battaglia

    Battaglia Commercial Real Esta

    (805) 688-5333

    9 in this area

    73 Total Sales

    Steve Battaglia
    Section Image

  • P

    Buyer's Agent in 2017

    Peter Leyva

    Wilshire Group

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-2270

Santa Barbara Multiple Listing Service

APN: 087-102-001

California Santa Barbara County Lompoc 93436

736 N E St, Lompoc, CA

Not Listed for Sale

MultiFamily

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