NOT LISTED FOR SALE
18 Beds
17 Baths
10,600 Sq Ft
0.4 Acres

Last Sold January 24, 2013

Last sale price $884,000 $83 Per Sq Ft

183 Days on Market

Highlights

  • 0.4 Acre Lot
  • Covered Patio or Porch
  • Coin Laundry
  • Corner Lot

About This Home

As of January 2013

1 - two-bedroom house and 16 - one-bedroom apts on corner lot, first time available for sale since built in 1958; separate gas & electric meters, common laundry room; garden courtyard; well maintained; open parking and ample street parking - financial reports available 3 -yrs actuals. One partner reserves right of first refusal to purchase. 509 house has a non-permitted garage conversion; 501D and 505D units have non-permitted rooms-previously storerooms. Landlord pays common area lights/water and laundry water, gas and electric. Selling Agent related to Partners.

Last Agent to Sell the Property

Catherine Romain

Wiser Property Management Sa License #00931207 Listed on: 06/14/2012

Last Buyer's Agent

John Maida

Valley Hills Realty License #01878963-nmls#1214283

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.4 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Tar and Gravel Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 10,600 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 17 Full Bathrooms

Parking

  • Private Parking
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • The owner pays for gardener, taxes, water
  • Assessor Parcel Number 091-013-006

Community Details

Building Details

  • Operating Expense $42,874
  • Net Operating Income $66,566

Additional Features

  • 17 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • FILLACRES: 0.40
  • ApproxYrBlt: 1958
  • Directions To Property: From Southern CA go west on Ocean Avenue, turn right (north) onto H Street, turn left (west) on Chestnut Avenue. From Northern CA go south on H Street, turn right (west) on Chestnut Avenue.
  • Listing Member Name: Catherine L Romain
  • Listing Office Short Id: 3915
  • List Office Board Code: Lompoc Valley
  • Lot Size Sq Ft: 17424.00
  • Major Area: 60 - Lompoc
  • Open House Office I D: 20170308161119196869000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 6717
  • Selling Office Short Id: 388
  • Building Stories: 2
  • Tract Suffix: Avenue
  • OFFICELIST_ZIP4: 5842
  • Unit Levels: Two
  • Geen Feat.: Cable Available, Curbs/Gutter, Paved Streets, Sidewalks, Street Lights, Telephone
  • Income And Expenses Annual Operating Exp: 42874.00
  • Income And Expenses Cap Rate: 7.19
  • Landlord Pays: Gardener, Taxes, Water
  • Special Features: None
  • Stories: 2
  • Year Built: 1958

Interior Features

  • Street Number Modifier: 505, 509
  • Total Bathrooms: 17.00
  • Total Bedrooms: 18
  • Laundry: Coin Op, Laundry Eq/Leased

Exterior Features

  • Exterior: Stucco
  • Exterior Features: Patio, Patio Covered
  • Foundation: Slab
  • Roof: Composition, Shingle, Tar/Gravel

Garage/Parking

  • Parking: Private Lot, Street

Utilities

  • Air Conditioner: None
  • Heating: Natural Gas, Wall Furnace
  • Separate Meters: Electric, Gas

Lot Info

  • Lot Characteristics: Corner, Level
  • Zoning Description: Apartment

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Tax Info

  • Assessor Parcel Number: 091-013-006

Multi Family

  • Income And Expenses Net Operating Income: 66566.00
  • Annual Operating Expense: Accounting, Insurance, Janitorial Service, Legal, Lic/Advertis, Maintenance, Management, PRP Tx/Assessment, Water/Sewer
  • Total Number Units: 17
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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 List to Sale Price per Sq Ft
01/24/2013 01/24/13 Sold $884,000 -- $83 / Sq Ft
Source: North Santa Barbara County Regional MLS

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 $11,996 $1,088,570 $215,493 $873,077
2023 $11,996 $1,046,301 $207,126 $839,175
2022 $11,785 $1,025,786 $203,065 $822,721
2021 $11,913 $1,005,674 $199,084 $806,590
2020 $11,784 $995,363 $197,043 $798,320
2019 $11,591 $975,847 $193,180 $782,667
2018 $11,411 $956,714 $189,393 $767,321
2017 $11,203 $937,956 $185,680 $752,276
2016 $11,001 $919,566 $182,040 $737,526
2014 $10,767 $888,012 $175,794 $712,218
Source: Public Records

Agents Affiliated with this Home

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Source: North Santa Barbara County Regional MLS

MLS Number: 187427

North Santa Barbara County Regional MLS