337 North K St
Lompoc, CA, 93436 $ 995,000
Bedrooms7 Baths4.0 Sq 2,496 Monthly Estimate*
$ 6,950
Listed by Coldwell Banker West
for $995,000 with 7 bedrooms and 4 full baths. This 2,496 square foot home was built in 1960 on a lot size of 0.16.
Listing provided by Varinder Kumar please reach out directly for any questions or interest at 562.418.0998. 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 economic development initiatives and the Lompoc Valley Chamber of Commerce, aiming to attract businesses and create job opportunities. This property is a perfect match for investors seeking to capitalize on Lompoc's growing market while enjoying the benefits of a fully remodeled, turnkey investment. With its strategic location, modern amenities, and strong income potential, this multifamily opportunity is poised to be a valuable addition to any investment portfolio.
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FeaturesGeneralSewer PublicSewer
Cooling WallWindowUnits
Roof Shingle
Garage Spaces 0.0
Pool Features None
Year Built 1960
Tenant Pays AllUtilities
View None
Property SubType Quadruplex
Gross Income 95400.0
Community Features Sidewalks
County Santa Barbara
Net Operating Income 65884.0
Operating Expense 0.0
Insurance Expense 2100.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name South East Lmpc(52)
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions From West Laurel Ave go left to E Laurel Ave turn left to N K St.
City Lompoc
Entry Location 1
View Y/N N
Senior Community Y/N N
Total Units 4
MLS Area LOMP - Lompoc
Lot Size Square Feet 6970.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name North K St
Listing Terms Cash CashtoNewLoan Conventional
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 0.0
Water Sewer Expense 2400.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 8
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Property Sub Type Additional Quadruplex
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ExteriorLot Features FrontYard Lawn Landscaped Yard
Water Source Public
Total Parking 0.0
Lot Size Area 6970.0
Number of Buildings 1
Spa N
Building Area Total 2496.0
Lot Size Acres 0.16
Lot Size Units SquareFeet
Lot Size Source PublicRecords
Number of Separate Water Meters 5
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 1
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesList ByColdwell Banker WestBroker
Affordability Calculator
- Monthly Principal & Interest
- $6,950
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Lompoc, CA
Average List Price $5,720,000
Percent of Sale Price 475%
About Lompoc, CA 44,365 Population
7% Since 2002
$ 48,683 Median Income
35.76 Median Age
36% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/2/2024 | $995,000 | | Listed Price |