1001 East Cypress Avenue
1001 East Cypress Avenue
Description
- Listed by Christos Celmayster • DRE #01342996 • Brokerage DRE #02017017 • Hayes Commercial Group, Inc.
Property Details for 1001 East Cypress Avenue
Location
Property Details for 1001 East Cypress Avenue
| Status | Active |
|---|---|
| MLS # | SC24074841 |
| Days on Market | 17 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | 2-4 Units |
| Year Built | - |
| Lot Size | 1.90 AC / 82,764 SF |
| County | Santa Barbara County |
Location
Building Information for 1001 East Cypress Avenue
Payment Calculator
$58,790 per month
30 year fixed, 7.25% Interest
$57,003
$1,787
$0
Property Information for 1001 East Cypress Avenue
- System ID: 306147338
- Class: 2-4 UNITS
- Levels: 2 Story
- Street Number Numeric: 1001
- Street Direction: E
- Street Name: Cypress Avenue
- Directions To Property: Corner of E Cypress Ave and South 3rd St
- CFD/Mello-Roos Fee: $0
- CFD/Mello-Roos Fee Reflct: Year
- Supplement: Unique opportunity to acquire 60 units in two contiguous multifamily properties located at 1001 E Cypress Avenue (Bahia La Paz) and 1021 E Cypress Avenue (Kimi East) situated on the Central Coast in the City of Lompoc. Both buildings are garden-style courtyard communities that provide an excellent unit mix of 40 x 2BD/1BA units and 20 x 1BD/1BA units, excellent onsite parking, onsite laundry facilities, functional unit layouts, and an ideal location in the Lompoc Valley. Bahia La Paz is 24-unit Mission-style, red tiled roof building constructed in 1984 consisting of sixteen 2BD/1BA townhome units (with fireplaces) and 8 X 1BD/1BA flats. Tenants enjoy either private patios or balconies, a common courtyard with two community BBQs, an onsite laundry facility, and on-site parking consisting of 26 carport spaces and 17 uncovered spaces. All tenants are on a month-to-month lease with current rents that are approximately 25% below market. Kimi East Apartments is a 36-unit Mid-Century building constructed in 1963 and comprised of 24 X 2BD/1BA units and 12 X 1BD/1BA (all flat units). Tenants enjoy a common courtyard with three community BBQs, two on-site laundry rooms and 36 carport spaces with tenant storage closets. All tenants are on a month-to-month lease with current rents that are approximately 35% below market. Ownership has recently replaced all railings at the property to meet todays code.
- Pool: N/K
- Total Stories: 2
- Entry Only: No
- Lot Size Source: Assessor Record
- Site: Corner Lot, Curbs, Sidewalks
- Zoning: Seller
- Assessors Parcel Num: 085150093
- Unit Num for Unit 1: 1
- Unit 1 Num of Bedrooms: 2
- Unit 1 Num of Total Baths: 1
- Unit 1 Rent Actual: $50,905
- Unit Num for Unit 2: 2
- Unit 2 Num of Bedrooms: 1
- Unit 2 Num of Total Baths: 1
- Unit 2 Rent Actual: $22,050
Property History for 1001 East Cypress Avenue
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1001 East Cypress Avenue
Schools near 1001 East Cypress Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Arthur Hapgood Elementary School PublicK to 6 | ||
Lompoc Valley Middle School Public7 to 8 | ||
Lompoc High School Public9 to 12 | ||
Dr Bob Forinash Community Day Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Hayes Commercial Group, Inc., Christos Celmayster, DRE #01342996
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