701 North F Street
701 North F Street
Description
parcels totaling 34,850 SF of land. Built in 1960 the building has had several meaningful upgrades within the last couple years
including new roofs and gutters, fresh exterior paint, fencing and secure gates along with tankless water heaters (3 in each
building)....Rare opportunity to acquire a well maintained 30-unit complex in Santa Barbara county for a 6.0% Cap rate on current rents! 701-717 North F Street is a well maintained 30-unit apartment building located in Lompoc featuring 5 detached buildings on 5
parcels totaling 34,850 SF of land. Built in 1960 the building has had several meaningful upgrades within the last couple years
including new roofs and gutters, fresh exterior paint, fencing and secure gates along with tankless water heaters (3 in each
building). Windows are dual paned. Kitchens have granite countertops. Second story units feature exposed beam ceilings. Maple trees along with drought tolerant landscape provide shade and inviting curb appeal. Convenient location for tenants
within close proximity to Lompoc High School, shopping and buslines. Separately metered for electricity and gas. Assigned
uncovered parking. Excellent investment offering solid in place income with additional 15% upside in rental rates. Property is
in an opportunity zone.
- Listed by Nicholas Henry • DRE #01748131 • Beachside Partners
- Listed by Lori Zahn • DRE #01914851 • Lori Zahn, Broker
Property Details for 701 North F Street
Location
Property Details for 701 North F Street
| Status | Active |
|---|---|
| MLS # | V1-23653 |
| Days on Market | 25 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1960 |
| Lot Size | 0.80 AC / 34,850 SF |
| County | Santa Barbara County |
Location
Building Information for 701 North F Street
Payment Calculator
$28,746 per month
30 year fixed, 7.25% Interest
$28,379
$367
$0
Property Information for 701 North F Street
- Community Features: Urban
- City: Lompoc
- Cross Street: Pine
- Directions: Between Pine and Airport
- Elementary School: Other
- High School: Other
- Area: LOMP - Lompoc
- MLSArea Minor: 55 - LOMPOC
- Unparsed Address: 701 N F Street, LOMPOC, CA 93436
- Association Fee: $.00
- Tax Other Annual Assessment Amount: $.00
- Videos Count: 0
- Lot Features: Sprinklers None
- Lot Size Acres: .80
- Lot Size Square Feet: 34,850.00
- Lot Size Area: 34,850.00
- Lot Size Units: Square Feet
- Parcel Number: 087-092-006
- Zoning: Other
- Property Type: Residential Income
- Common Walls: Detached/No Common Walls
- Documents Count: 0
- Property Attached: No
- Year Built Source: Assessor
- Senior Community: Yes
- Cooling: None
- Cooling: No
- Water Sewer Expense: $.00
- Fencing: None
- Pool Features: None
- Pool Private: No
- Pool: No
- Spa Features: None
- Spa: No
- Appliances: Gas Range
- Total Bathrooms: 0
- Fireplace Features: None
- Fireplace: No
- Heating: Yes
- Laundry Features: None
- View: No
- Gross Scheduled Income: $501,540.00
- Net Operating Income: $.00
- Electric Expense: $.00
- Insurance Expense: $.00
- Number Of Buildings: 5
- Number Of Units Total: 30
- Operating Expense: $.00
- Special Listing Conditions: Standard
- Trash Expense: $.00
- Rent Control: No
Property History for 701 North F Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 701 North F Street
Schools near 701 North F Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
La Honda STEAM Academy PublicK to 6 | ||
Vandenberg Middle School Public7 to 8 | ||
Cabrillo 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 Beachside Partners, Nicholas Henry, DRE #01748131; Lori Zahn, Broker, Lori Zahn, DRE #01914851
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.