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$2,600,000

  • Sold
  • Closed
  • Multi-Family
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Coral Apartments in Lompoc is a well maintained 22-unit multifamily apartment complex in Lompoc with upgraded copper plumbing, newer ABS sewer lines, newer gas heaters, upgraded tile bathrooms, & more. 8-1bd apts & 14 studios surround a tastefully landscaped courtyard, with security gates and camera system in addition to on-site parking and a common laundry room. The property is operated subject to an affordable covenant that expires in 2034 which restricts the renting of the apartments to ''Low'' or ''Very Low'' Income Households. Even with the affordable restrictions, there is strong upside in rents that can yield a Proforma CAP rate of 9.6 giving the savvy investor ''value-add'' opportunity in the short term with additional upside once the affordable agreement expires.

Full Property Details for 733 N C St

General

  • Sold For: $2,600,000
  • Status: Closed
  • Type: Multi-Family
  • Source: SBAOR
  • MLS ID: 25-2768
  • Added to Site: 179 day(s) ago

Rooms

Other Rooms

  • Laundry: Laundry Room

Parking

  • Parking Features: Uncovered

Location

  • Area: 55 - LOMPOC
  • County: Santa Barbara
  • Cross Streets: E Pine St.

School Information

  • Elementary School: Other
  • Middle School: Other
  • High School: Other

Heating & Cooling

  • Heating Type: GFA

Structural Information

  • Foundation: Slab
  • Square Feet: 11,254
  • Living Area: 11,254 Sq. Ft.
  • Year Built: 1960
  • Property Condition: Excellent

Lot Features

  • Lot Size (Acres): 0.53
  • Lot Size (Sq. Ft.): 23,086
  • Lot Size: 23086
  • Zoning: R-3

Financial Considerations

  • Terms: Cash, Conventional

Disclosures and Reports

  • Property ID: 087-103-020

Listed by Battaglia Commercial Real Esta
Sold by Radius Group Commercial R.E.

Listing agent

— 733 N C St —

  • Battaglia Commercial Real Esta

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 733 N C St

School District:Lompoc Unified School District
NameGradesDistance
Leonora Fillmore Elementary School
1211 East Pine Avenue, Lompoc, CA 93436
K-60.5 mi
Lompoc Valley Middle School
234 S. N St., Lompoc, CA 93436
7-81.2 mi
Lompoc High School
515 West College Avenue, Lompoc, CA 93436
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 733 N C St

Date
Details
Price
Change
Source
10/10/2025
Sold
$2,600,000
-5.8%
MLS
7/21/2025
Listed
$2,760,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Battaglia Commercial Real Esta
Sold by Radius Group Commercial R.E.

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733 N C Street, Lompoc, CA 93436 (MLS# 25-2768) is a Multi-Family property that was sold at $2,600,000 on October 10, 2025. Want to learn more about 733 N C Street? 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.