$2,145,000
$2,295,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
725 729, 733 N E ST Lompoc, CA 93436
13,518 SqFt
Key Details
Sold Price $2,145,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 13,518 sqft
Price per Sqft $158
Subdivision North East Lmpc(47)
MLS Listing ID PI23088453
Sold Date 08/15/23
HOA Y/N No
Year Built 1965
Lot Size 0.480 Acres
Property Description
Three six-unit apartment buildings on separate legal lots located in Lompoc, CA. Each apartment building is two stories and feature 3 downstairs units with private patios and 3 upstairs units. Each building also includes one laundry room and 6 off street parking spaces accessible from the rear alley.
All units consist of identical 2BD/1BA units totaling approximately 751 SF each. Most units have been updated over the past seven years and include granite or quartz countertops in the kitchens, tile floors in the bathrooms and kitchens, and tile or wood-like laminate flooring in the living room/hallways/bedrooms.
The subject property is subject to a City of Lompoc very low-income affordability covenant. The covenant allows for a maximum rent (currently) of $1,016 per month. This figure changes upward or downward depending upon changes to the median income and changes to the utility allowance. The covenant governing the operation of the subject expires on May 1, 2037 (in 15 years).
Location
State CA
County Santa Barbara
Area Lomp - Lompoc
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Laundry Location Common Area,Laundry Room
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Garage Off Street
Pool None
Community Features Sidewalks
Parking Type Off Street
Total Parking Spaces 18
Private Pool No
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 087101005
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
Lease Land No
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Bought with Adrian Berari • Adrian Berari, Broker