NOT LISTED FOR SALE

Estimated Value: $509,000 - $1,145,000

9 Beds
8.5 Baths
4,600 Sq Ft
$181/Sq Ft Est. Value

Last Sold September 14, 2018

Last sale price $700,000 $152 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,411/month

2 Days on Market

Highlights

  • 0.32 Acre Lot
  • Cathedral Ceiling
  • Coin Laundry

About This Home

As of September 2018

Rarely available 8 unit apartment complex on south side of Lompoc with tons of potential! Seven (7) one bedroom single story units and one (1) 2 bedroom 1 1/2 bath townhouse! Units are separately metered for electricity & gas paid for by tenants. Water paid for by landlord. Common area laundry room equipment owned by owner. Property is composed of 2 buildings: 125 South L Street and 129 South L street. Ten off-street parking spaces, some of which are covered. The rents are below market.

Last Agent to Sell the Property

Terry Forster

Forster Realty License #00999610 Listed on: 08/09/2018

Last Buyer's Agent

Steve Battaglia

Battaglia Commercial RE License #01318215

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 100' x 140'

Home Design

  • Slab Foundation
  • Rolled or Hot Mop Roof
  • Stucco

Interior Spaces

  • 4,600 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling

Bedrooms and Bathrooms

  • 9 Bedrooms

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter

Community Details

  • 8 Units
  • Coin Laundry

Listing and Financial Details

  • Security Deposit $10,000
  • Tenant pays for electricity, gas
  • The owner pays for cable TV, gardener, insurance, water
  • Assessor Parcel Number 091-093-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • FILLACRES: 0.32
  • ApproxYrBlt: 1965
  • Directions To Property: One block south of Ocean Avenue. Property is composed of 2 buildings: 125 South L Street and 129 South L street.
  • Listing Member Name: Terry Forster
  • Listing Office Short Id: 3639
  • List Office Board Code: Lompoc Valley
  • LotDescDimensions: 100' x 140'
  • Lot Size Sq Ft: 13939.00
  • Major Area: 60 - Lompoc
  • Open House Office I D: 20170308161116049999000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 1900
  • Selling Office Short Id: 201000376
  • Tract Suffix: Street
  • Unit Levels: One, Two
  • Landlord Pays: Cable TV, Gardener, Insurance, Water
  • Special Features: None
  • Year Built: 1965

Interior Features

  • Lower Floor 1 Half Bathrooms: 1
  • Total Bathrooms: 9.00
  • Total Bedrooms: 9
  • Interior Amenities: Cathedral Ceilings, Private Restroom
  • Laundry: Coin Op, Common, Laundry Eq/Own

Exterior Features

  • Exterior: Stucco
  • Foundation: Slab
  • Roof: Rolled Comp

Garage/Parking

  • Parking: 6 - 10

Utilities

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

Lot Info

  • Zoning Description: Apartment

Rental Info

  • Deposit: 10000.00
  • Tenant Pays: Electricity, Gas

Tax Info

  • Assessor Parcel Number: 091-093-018

Multi Family

  • Annual Operating Expense: Insurance, Maintenance, PRP Tx/Assessment, Trash, Water/Sewer
  • Total Number Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2020
Sold by
Battin 1 Llc
Bought by
Battaglia Steven Rose and Battaglia Gretchen Walsdorf
Current Estimated Value
$783,834

Purchase Details

Listed on
Aug 9, 2018
Closed on
Aug 28, 2018
Sold by
Clingingsmith William L
Bought by
Battin I Llc
Seller's Agent
Terry Forster
Forster Realty
Buyer's Agent
Steve Battaglia
Battaglia Commercial RE
Sold Price
$700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.41%
Original Mortgage
$593,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Battaglia Steven Rose -- First American Title
Battaglia Steven Ross -- First American Title Company
Battin I Llc $679,000 Fidelity Natl Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Battin I Llc $593,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2018 09/14/18 Sold $700,000 -- $152 / Sq Ft
Source: North Santa Barbara County Regional MLS

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 $3,801 $345,928 $83,661 $262,267
2023 $3,801 $332,497 $80,413 $252,084
2022 $3,734 $325,979 $78,837 $247,142
2021 $3,775 $319,589 $77,292 $242,297
2020 $8,157 $692,580 $153,000 $539,580
2019 $8,024 $679,000 $150,000 $529,000
2018 $1,830 $153,592 $29,931 $123,661
2017 $1,794 $150,582 $29,345 $121,237
2016 $1,759 $147,630 $28,770 $118,860
2014 $1,719 $142,565 $27,783 $114,782
Source: Public Records

Agents Affiliated with this Home

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Source: North Santa Barbara County Regional MLS

MLS Number: 18002359

North Santa Barbara County Regional MLS

APN: 091-093-018