Discover a remarkable investment opportunity with this fully remodeled 4-unit multifamily property located in the heart of Lompoc, CA. Live in one unit while the others generate income! Investment Highlights: Extensively renovated with modern finishes, including new kitchens, bathrooms, bedrooms, as well as new exterior and interior paint. Efficient unit layout with appealing floor plans and great floor-to-ceiling height. Includes 3 new dryers and 2 washers, enhancing tenant convenience. Tenants are responsible for electricity, gas, sewer, and trash expenses, minimizing operating costs for the owner. This property presents an attractive 6.6% CAP rate with a pro forma CAP rate of 8%, showcasing its potential for significant income growth. Square Footage: 2,496 Lot Size: 6,970 SF Unit Composition: 3 units with 2 beds & 1 bath each (672 SF each) and 1 unit with 1 bed & 1 bath (480 SF) Current Rental Income: $7,950/month Future Rental Income (Post June 1, 2024): $8,521/month Parking: 4 spaces Year Built: 1960, Renovated in 2023 Location Benefits: Situated in Lompoc, CA, a city known for its thriving economy and significant growth. Close to notable economic drivers such as the Trident Missile Program and Vandenberg Space Force Base. Supported by
MLS #
CRPT24087831
MLS Source
California Regional MLS
Laundry
Community Facility
Cooling
Window/Wall Unit
Roof
Shingle
Pool
None
Garage/Parking
Garage: 0 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | 4 |
Unit # | Sq Ft | Beds | Baths | Rent |
---|---|---|---|---|
1 | 480 | – | 0/0 | – |
2 | 672 | – | 0/0 | – |
337 North K St is a Residential Income in Lompoc, CA 93436. This – square foot property sits on a 6,970 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $995,000 and was built in 1960.
This address can also be written as 337 North K 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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This listing information is up-to-date as of July 17, 2024. For the most current information, please contact Varinder Kumar