Lompoc, CA 93436,701 N F Street
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Lompoc, CA 93436,701 N F Street
Lompoc, CA 93436,701 N F Street
Lompoc, CA 93436,701 N F Street
Lompoc, CA 93436,701 N F Street

$5,250,000

Est. payment /mo

$5,200,000

1.0%
Est.Price: ?

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701 N F Street Lompoc, CA 93436

2 Beds

1 Bath

0.8 Acres Lot

SOLD DATE : 07/09/2024

Key Details

Sold Price $5,250,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID V1-23653

Bedrooms 2

Lot Size 0.800 Acres

Property Description

Rare opportunity to acquire a well maintained 30-unit complex in Santa Barbara county for a 6.0% Cap rate on current rents!701-717 North F Street is a well maintained 30-unit apartment building located in Lompoc featuring 5 detached buildings on 5parcels totaling 34,850 SF of land. Built in 1960 the building has had several meaningful upgrades within the last couple yearsincluding new roofs and gutters, fresh exterior paint, fencing and secure gates along with tankless water heaters (3 in eachbuilding). Windows are dual paned. Kitchens have granite countertops. Second story units feature exposed beam ceilings.Maple trees along with drought tolerant landscape provide shade and inviting curb appeal. Convenient location for tenantswithin close proximity to Lompoc High School, shopping and buslines. Separately metered for electricity and gas. Assigneduncovered parking. Excellent investment offering solid in place income with additional 15% upside in rental rates. Property isin an opportunity zone.
Rare opportunity to acquire a well maintained 30-unit complex in Santa Barbara county for a 6.0% Cap rate on current rents!701-717 North F Street is a well maintained 30-unit apartment building located in Lompoc featuring 5 detached buildings on 5parcels totaling 34,850 SF of land. Built in 1960 the building has had several meaningful upgrades within the last couple yearsincluding new roofs and gutters, fresh exterior paint, fencing and secure gates along with tankless water heaters (3 in eachbuilding). Windows are dual paned. Kitchens have granite countertops. Second story units feature exposed beam ceilings.Maple trees along with drought tolerant landscape provide shade and inviting curb appeal. Convenient location for tenantswithin close proximity to Lompoc High School, shopping and buslines. Separately metered for electricity and gas. Assigneduncovered parking. Excellent investment offering solid in place income with additional 15% upside in rental rates. Property isin an opportunity zone.

Location

State CA

County Santa Barbara

Area Lompoc (93436)

Zoning Assessor

Others

Acceptable Financing Conventional

Space Rent $41,795

Listing Terms Conventional

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San Diego Regional MLS (SDMLS)
Listed by Nicholas Henry • Beachside Partners
Bought with Andrew Adler • Century 21 Real Estate Alliance

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

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