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337 North K St, Lompoc, CA 93436
$995,000
337 North K St, Lompoc, CA 93436View this property at 337 North K St, Lompoc, CA 93436
337 North K StLompocCA93436
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Property Description
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.
Full Property Details
Full Property Details for 337 N K St
General
- Price: $995,000
- Status: Active
- Type: Multi-Family
- MLS ID: PT24087831
- Updated: 5/10/2024
- Days on Market: 16 days
- Added to Site: 16 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
- Spa Description: None
Location
- Area: LOMP - Lompoc
- County: Santa Barbara
- Development Name: LOMP - Lompoc
- Driving Directions: From West Laurel Ave, go left to E Laurel Ave, turn left to N K St.
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 5
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Roof: Shingle
- Entry Location: 1
- Square Feet: 2,496
- Year Built: 1960
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Property View: None
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,970
- Lot Size Source: Public Records
- Lot Description: Front Yard, Landscaped, Lawn, Yard
Financial Considerations
- Price Per Sq. Ft.: $398.64
- Price Per Unit: 248750
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1%
Listed by Coldwell Banker West, Varinder Kumar
Get Pre-Approved Today
Schools
Schools serving 337 N K St
School District:Lompoc Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
324 S A St, Lompoc, CA 93436 | K-6 | 1 mi | |
234 S N St, Lompoc, CA 93436 | 6-8 | 0.6 mi | |
515 W College Ave, Lompoc, CA 93436 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 337 N K St
Date
Details
Price
Change
Source
5/02/2024
Listed
$995,000
53.08%
MLS
7/26/2023
Sold
$650,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 337 N K St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,323
125%
$560,000
130%
2022
$2,810
-1%
$243,731
2%
2021
$2,839
99%
$238,953
103%
2020
$1,429
2%
$117,506
3%
2019
$1,404
2%
$113,733
2%
2018
$1,383
2%
$111,504
2%
2017
$1,357
2%
$109,318
2%
2016
$1,333
1%
$107,175
2%
2015
$1,323
1%
$105,566
2%
2014
$1,305
—
$103,499
-1%
2013
$1,304
—
$104,532
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 337 N K St
337 North K St, Lompoc, CA 93436 (MLS# PT24087831) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 337 North K St is currently listed for $995,000 and was received on May 02, 2024. Want to learn more about 337 North K St? Do you have questions about finding other Multi-Family real estate for sale in Lompoc? You can browse all Lompoc real estate or contact a Coldwell Banker agent to request more information.