725 N E Street Lompoc CA 93436 | PI23088453

725 N E Street
Lompoc, CA, 93436
$2,295,000
Beds
0 Baths
SqFt
0.48 Acres
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).

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
City:
Lompoc
Listed Date:
May 22, 2023
State:
CA
ZIP:
93436
Subdivision:
North East Lmpc47
Lot Size:
20,910 sqft / 0.48 acres (approx)
Year Built:
1965
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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

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Electricity, Gas

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