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Key Details
Sold Price $985,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision North West Lmpc(49)
MLS Listing ID PI24037096
Year Built 1958
Lot Size 6,969 Sqft
Property Description
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.
Location
State CA
County Santa Barbara
Area Lomp - Lompoc
Interior
Heating Natural Gas, Wall Furnace
Laundry Common Area
Exterior
Parking Features Uncovered
Pool None
Community Features Sidewalks
Utilities Available Electricity Available, Natural Gas Available
Roof Type Composition,Shingle
Building
Lot Description Lawn, Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Andrew Adler • Century 21 Real Estate Alliance