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Lompoc, CA 93436 621 W Ocean Avenue

$975,000

Pending
621 W Ocean Avenue Lompoc, Ca - Image 1621 W Ocean Avenue Lompoc, Ca - Image 2621 W Ocean Avenue Lompoc, Ca - Image 3
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621 W Ocean Avenue Lompoc, Ca - Image 4
Presented By: Steven Battaglia with Steven Battaglia, Broker; 8056806431
  • MLS# PI24037096
  • 02/26/2024
  • Request Tour
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  • BedBeds • 10
  • BathBaths • 2
  • FootageSQFT • 4,302

Home Details

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.
Presented By: Steven Battaglia with Steven Battaglia, Broker; 8056806431

Interior Features for 621 W Ocean Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 621 W Ocean Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLompoc
Community FeaturesSidewalks
CountySanta Barbara
Days on Market
DirectionsTravel west on Hwy 246 from Buellton. Hwy 246 becomes Hwy 1 and Ocean Ave. Property is on your right, 0.4 mile past H St (main intersection).
Electric Expense1.0
Entry LocationGround
Fuel Expense1.0
Garage Spaces0.0
Garage Y/NNo
Gross Income90171.0
HOA / Comm AssnNo
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Insurance Expense1.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet6970.0
MLS AreaLOMP - Lompoc
MobileHomeRemainsYNNo
Net Operating Income49849.0
New ConstructionNo
Operating Expense37617.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition, Shingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Street NameOcean
Subdivision NameNorth West Lmpc(49)
Tax Lot26
Total Units6
Trash Expense1.0
UtilitiesElectricityAvailable, NaturalGasAvailable
View Y/NNo
Water Sewer Expense1.0
Waterfront Y/NNo
Year Built1958
Year Built SourceOther

Exterior for 621 W Ocean Avenue

Building Area Total4302.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLawn, RectangularLot
Lot Size Acres0.16
Lot Size Area6970.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesUncovered
SpaNo
Total Parking5.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $975,000
MLS#PI24037096
List Date 02/26/2024
Property Type Pending
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors