Lompoc, CA 93436,701 N F ST
Lompoc, CA 93436,701 N F ST
Lompoc, CA 93436,701 N F ST
Lompoc, CA 93436,701 N F ST
Lompoc, CA 93436,701 N F ST
Lompoc, CA 93436,701 N F ST
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$5,250,000

$5,200,000

1.0%
Est.Price: ?

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Est. payment /mo

0.8 Acres Lot


SOLD DATE : 07/09/2024

Key Details

Sold Price $5,250,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID V1-23653

Sold Date 07/09/24

HOA Y/N No

Year Built 1960

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.

Location

State CA

County Santa Barbara

Area Lomp - Lompoc

Interior

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry None

Exterior

Fence None

Pool None

Community Features Urban

View Y/N No

View None

Total Parking Spaces 30

Private Pool No

Building

Lot Description Sprinklers None

Others

Senior Community Yes

Tax ID 087092006

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash

Special Listing Condition Standard

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