621 W Ocean Avenue Lompoc CA 93436 MLS #PI24037096

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:
Pending
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

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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 …

More About JoAnn
621 W Ocean Avenue
Lompoc, CA