Seller's Agent in 2023
Steve Battaglia
Battaglia Commercial RE
(805) 688-5333
9 in this area
73 Total Sales
36
Beds
--
Bath
13,518
Sq Ft
0.48
Acres
Highlights
- 0.48 Acre Lot
- Laundry Facilities
- Level Lot
- Cabrillo High School Rated A-
About This Home
As of August 2023Three six-unit apartment buildings on separate legal lots located in Lompoc, CA. Each apartment building is two stories and feature 3 downstairs units with private patios and 3 upstairs units. Each building also includes one laundry room and 6 off street parking spaces accessible from the rear alley. All units consist of identical 2BD/1BA units totaling approximately 751 SF each. Most units have been updated over the past seven years and include granite or quartz countertops in the kitchens, tile floors in the bathrooms and kitchens, and tile or wood-like laminate flooring in the living room/hallways/bedrooms.The subject property is subject to a City of Lompoc very low-income affordability covenant. The covenant allows for a maximum rent (currently) of $1,016 per month. This figure changes upward or downward depending upon changes to the median income and changes to the utility allowance. The covenant governing the operation of the subject expires on May 1, 2037 (in 15 years).
Last Agent to Sell the Property
Battaglia Commercial RE License #01318215 Listed on: 05/22/2023
Co-Listed By
Non Member
SY Non Member
Last Buyer's Agent
Default Non Member
Unknown Office
Property Details
Home Type
- Multi-Family
Lot Details
- 0.48 Acre Lot
- Level Lot
Home Design
- Slab Foundation
Interior Spaces
- 36 Bedrooms
- 13,518 Sq Ft Home
- 2-Story Property
- Leased Washer and Dryer
Utilities
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Security Deposit $70,000
- Tenant pays for electricity, gas
- The owner pays for trash collection, water
- Assessor Parcel Number 087-101-005
Community Details
Building Details
- Operating Expense $81,894
- Net Operating Income $114,462
Additional Features
- 18 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/15/2023 08/15/23 | Sold | $2,145,000 | -6.5% | $159 / Sq Ft |
| 07/28/2023 07/28/23 | For Sale | $2,295,000 | 0.0% | $170 / Sq Ft |
| 07/28/2023 07/28/23 | Price Changed | $2,295,000 | 0.0% | $170 / Sq Ft |
| 05/22/2023 05/22/23 | For Sale | $2,295,000 | -- | $170 / Sq Ft |
Source: North Santa Barbara County Regional MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Steve Battaglia
-
N
Seller Co-Listing Agent in 2023
Non Member
SY Non Member
-
D
Buyer's Agent in 2023
Default Non Member
Unknown Office
Source: North Santa Barbara County Regional MLS
MLS Number: 23000795
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