Three six-unit apartment buildings on separate legal lots located in Lompoc, CA. Each apartment building is two stories and feature 3 downstairs units with private patios and 3 upstairs units. Each building also includes one laundry room and 6 off street parking spaces accessible from the rear alley.
All units consist of identical 2BD/1BA units totaling approximately 751 SF each. Most units have been updated over the past seven years and include granite or quartz countertops in the kitchens, tile floors in the bathrooms and kitchens, and tile or wood-like laminate flooring in the living room/hallways/bedrooms.
The subject property is subject to a City of Lompoc very low-income affordability covenant. The covenant allows for a maximum rent (currently) of $1,016 per month. This figure changes upward or downward depending upon changes to the median income and changes to the utility allowance. The covenant governing the operation of the subject expires on May 1, 2037 (in 15 years).
All units consist of identical 2BD/1BA units totaling approximately 751 SF each. Most units have been updated over the past seven years and include granite or quartz countertops in the kitchens, tile floors in the bathrooms and kitchens, and tile or wood-like laminate flooring in the living room/hallways/bedrooms.
The subject property is subject to a City of Lompoc very low-income affordability covenant. The covenant allows for a maximum rent (currently) of $1,016 per month. This figure changes upward or downward depending upon changes to the median income and changes to the utility allowance. The covenant governing the operation of the subject expires on May 1, 2037 (in 15 years).
Property Details
Price:
$2,295,000
MLS #:
PI23088453
Status:
Closed ((Aug 15, 2023))
Baths:
0
Address:
725 N E Street
Type:
Residential Income
Subtype:
Apartment
Subdivision:
North East Lmpc47
Neighborhood:
LOMP – Lompoc
City:
Lompoc
Listed Date:
May 22, 2023
State:
CA
ZIP:
93436
Lot Size:
20,910 sqft / 0.48 acres (approx)
Year Built:
1965
See this Listing
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 …
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Community Features
Sidewalks
Foundation Details
Slab
Garage Spaces
0.00
Lot Features
Lot 20000-39999 Sqft
Parking Features
Off Street
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address725 N E Street Lompoc CA
- AreaLOMP – Lompoc
- SubdivisionNorth East Lmpc(47)
- CityLompoc
- CountySanta Barbara
- Zip Code93436
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Courtesy of Steven Battaglia, Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.725 N E Street
Lompoc, CA
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