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.
Property Details
Price:
$975,000
MLS #:
PI24037096
Status:
Closed ((Apr 26, 2024))
Baths:
0
Address:
621 W Ocean Avenue
Type:
Residential Income
Subtype:
Apartment
Subdivision:
North West Lmpc49
Neighborhood:
lomplompoc
City:
Lompoc
Listed Date:
Feb 22, 2024
State:
CA
ZIP:
93436
Lot Size:
6,970 sqft / 0.16 acres (approx)
Year Built:
1958
Schools
Interior
Heating
Natural Gas, Wall Furnace
Exterior
Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
Lawn, Rectangular Lot
Parking Features
Uncovered
Parking Spots
5.00
Pool Features
None
Roof
Composition, Shingle
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Buyer Agent Compensation
2.500
Utilities
Electricity Available, Natural Gas Available
Map
Contact Us
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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …
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Courtesy of Steven Battaglia, Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates / JoAnn Outland include the name of the listing broker. Neither the listing company nor Outland and Associates / JoAnn Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.621 W Ocean Avenue
Lompoc, CA
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