NOT LISTED FOR SALE

Lompoc, CA 93436

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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Catherine Romain

    Wiser Property Management Sa

  • John Maida

    Buyer's Agent in 2013

    John Maida

    Valley Hills Realty

    (805) 743-3611

    7 in this area

    8 Total Sales

    John Maida
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Source: North Santa Barbara County Regional MLS

MLS Number: 187427

North Santa Barbara County Regional MLS
California Santa Barbara County Lompoc

93436

Not Listed for Sale

MultiFamily

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.

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