HOUSEHUNT

601 W Ocean Ave
LOMPOC, CA 93436

96
bed
55
bath
$8,250,000
price

601 W Ocean Ave
LOMPOC, CA 93436

96
bed
55
bath
$8,250,000
price
601 W Ocean Ave - photo 0 601 W Ocean Ave - thumb 0
601 W Ocean Ave - photo 1 601 W Ocean Ave - thumb 1
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Description
See offering memorandum in documents!55 unit apartment portfolio allows a turn-key opportunity to leverage the scorching rental market in lompoc. These properties enjoy continued 96%+ occupancy, currently scheduled to generate $55,735 in monthly gross rental income. Following the consistent increase in rental occupancy in lompoc, this asset presents the opportunity to serve this urgent market need for decades to come. Recent improvements include new roofing, plumbing and unit upgrades throughout several of the properties. This offering consists of 9 buildings on 7 separate parcels with a mix of mostly one and two bedroom units. All are near shopping, parks, schools, and public transportation.
Key Details
Bedrooms: 96
Bathrooms: 55
Sq. Ft.: 0
Property Type: Multi-Family
Features
Listing Agent: Andrew Adler
Broker: Century 21 Butler Realty, Inc. Broker Phone: 8055632121
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Mortgage Payment$23,416.34
Copyright © 2019 Santa Barbara Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Neighborhood Info
LOMPOC - 93436
The vacancy rate of homes in 93436 is 6.52% with 51.65% of homes being owner-occupied. The median household income in 93436 is $53,809 per year with those between 45 and 64 having the highest median income at $73,496.
Schools Near 601 W Ocean Ave LOMPOC, CA 93436
Rating School Name Type Grade Distance
4
Cabrillo High School Public 9-12 5.12 mi
3
Buena Vista Elementary School Public K-6 4.81 mi
3
Lompoc High School Public 9-12 0.54 mi

More schools in LOMPOC
Neighborhood Demographic
Demographic in LOMPOC - 93436
$53,809
Median Income
2.849
Avg Household Size
36.45
Median Age
39%
White Collars
40%
College Grad
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