$985,000
$975,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
621 W Ocean Avenue Lompoc, CA 93436
3 Beds
2 Baths
6,970 Sqft Lot
Key Details
Sold Price $985,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PI24037096
Bedrooms 3
Lot Size 6,970 Sqft
Property Description
Garden style apartments located near Old Towne Lompoc and close to shopping, restaurants, and Ryon Park. Good unit mix with (4) 2Bed/1Bath and (2) 1Bed/1Bath units. Property has laundry room and off-street parking in the rear of the building. ONLY $162,500 PER UNIT. Good upside in rents. Cap Rate of 5.1% on Actuals and 8.1% Proforma.
Garden style apartments located near Old Towne Lompoc and close to shopping, restaurants, and Ryon Park. Good unit mix with (4) 2Bed/1Bath and (2) 1Bed/1Bath units. Property has laundry room and off-street parking in the rear of the building. ONLY $162,500 PER UNIT. Good upside in rents. Cap Rate of 5.1% on Actuals and 8.1% Proforma.
Location
State CA
County Santa Barbara
Area Lompoc (93436)
Zoning Other
Interior
Heating Natural Gas
Exterior
Roof Type Composition
Building
Lot Description Sidewalks
Story 2
Others
Acceptable Financing Cash
Space Rent $1,210
Listing Terms Cash
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Bought with Andrew Adler • Century 21 Real Estate Alliance