621 West Ocean Avenue

Lompoc, CA 93436

$985,000
Last Sold Price
3
Beds
6
Baths
4,302 Sq. Ft.
$229 / Sq. Ft.
4,302
Sq. Ft.
$229
per Sq. Ft.

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.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.
  1. Listed by Steven Battaglia • DRE #01318215 • Brokerage DRE #01318215 • Steven Battaglia, Broker • 8056806431

Property Details for 621 West Ocean Avenue

Parking Spaces Total
5
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4302
Assessor Parcel Number
091-072-014
Property Attached YN
true
LISTING UPDATED: 04/30/2024 02:41 AM

Property Details for 621 West Ocean Avenue

StatusClosed
MLS #PI24037096
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
CountySanta Barbara County

Building Information for 621 West Ocean Avenue

Building/Complex621 W Ocean AveFloor-Stories2Residences-Pet Policy-Year Built1958Building Size-

Property Information for 621 West Ocean Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $90,171
  • Gross Scheduled Income: $90,171
  • Net Operating Income: $49,849
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $37,617
  • Fuel Expense: $1
  • Electric Expense: $1
  • Insurance Expense: $1
  • Professional Management Expense: $1
  • Trash Expense: $1
  • Water Sewer Expense: $1
  • Total Expenses: $37,617
Tax / Assessment Info
  • Tax Block: 69
  • Tax Census Tract: 27.10
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 26
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Heating Type: Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Natural Gas, Wall Furnace
Exterior Features
  • Roof: Composition, Shingle
  • Entry Location: Ground
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lawn, Rectangular Lot
  • Lot Location: Near Bus, Near Park(s)
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available
  • Electric: Electricity Available, Natural Gas Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Uncovered
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Uncovered
Property / Structure Info
  • Builders Tract Name: North West Lmpc
  • Builders Tract Code: North West Lmpc(49)
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,210
  • Unit Type Total Rent: $4,840
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,305
  • Unit Type Total Rent: $2,610
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 621 West Ocean Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 621 West Ocean Avenue

Taxable ValueLand$96,577Additions$338,034Total$434,611
Tax Record2023$4,958 ($413 / month)
Home Facts
Lot Size6,969 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN091-072-014

Schools near 621 West Ocean Avenue

This home is within Lompoc Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Miguelito 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.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Steven Battaglia, Broker, Steven Battaglia, DRE #01318215

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.