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.
MLS #
CRV1-23653
MLS Source
California Regional MLS
Days on Site
13
Buyer's Brokerage Compensation*
2.00
Appliances
Oven Range - Gas
Laundry
None
Cooling
None
Pool
None
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
Listing Agent
Nicholas Henry
Beachside Partners
License #: 01748131
Phone: (805) 705-7311
Co-Listing Agent
Lori Zahn
Lori Zahn, Broker
License #: 01914851
Phone: –
# Buildings | # Leased Units | # Total Units |
---|---|---|
5 | – | – |
701 N F St is a Residential Income in Lompoc, CA 93436. This – square foot property sits on a 34,850 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,200,000 and was built in 1960.
This address can also be written as 701 N F St, Lompoc, CA 93436.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 21, 2024. For the most current information, please contact Nicholas Henry, (805) 705-7311