601 W Ocean Ave

LOMPOC, California

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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.
Property Detail
Bedrooms 96
Bathrooms 55
Property Type Multi-Family
Year Built 1975
Home Size 0 sqft
MLS# 18-2761
County Santa Barbara County
Features
Listing Agent: Andrew Adler Broker: Century 21 Butler Realty, Inc. Broker Phone: 8055632121
Location

Santa Barbara County LOMPOC 601 W Ocean Ave

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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 $53809 per year with those between 45 and 64 having the highest median income at $73496.

School in LOMPOC, CA
School Type Grade Distance
Cabrillo High School Public 9-12 5.12 mi
Buena Vista Elementary School Public K-6 4.81 mi
Lompoc High School Public 9-12 0.54 mi
Neighborhood Demographic

Demographic in LOMPOC - 93436

Median Income $53809
Avg Household Size 2.849
Median Age 36.45
White Collars 39%
College Grad 40%
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.
Home TypeMulti-Family
Year Built1975
Lot Size Acres

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