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526 N L Street, Lompoc, CA 93436
8
beds
6
baths
4926
ft2
· 6970
ft2 lot
$1,395,000
$283 / ft2
Listing provided courtesy of Steven Battaglia, Steven Battaglia, Broker.
Source CRMLS.
Recession resistant 6-plex in Lompoc. Four of the six units are rented to Section 8, which provides for the Housing Authority to pay their portion of the rent directly into your account! Three units are due for rent increases in January. Building has newer roof and 6 generously sized units, including (4) 3Bed/2Bath and (2) 2Bed/2Bath. Downstairs units have private patios, while upstairs units have high, open beam ceilings. All units have dual pane windows and are separately metered for electricity and gas. Building has new roof, fascia, gutters, and new exterior paint.
HOA
$0/month
On market
5 months
Year built
1965
Property type
Multi-Family
Parking
5
MLS
PI20246587
Price / Sq.Ft.
$283 / ft2
Status
Active Under Contract
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Based on a price of $1,395,000
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community, Individual Room
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Average3 Bed Area: 879
•   
Average2 Bed Area: 706
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Flooring
•   
Flooring: Carpet, Tile, Vinyl
Interior Size
•   
Building Area Total: 4926.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
•   
Uncovered Spaces: 5.00
Building Info
•   
Building Area Units: Square Feet
•   
Foundation Details: Raised
•   
Num Stories: Two
•   
Year Built Source: Public Records
•   
Construction Materials: Stucco
Lot Info
•   
Lot Features: Rectangular Lot, Level
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1600
•   
Lot Size Area: 6970.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Road Surface Type: Paved
•   
Number Of Buildings: 1
•   
Total Units: 6
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 7
•   
Number Of Separate Gas Meters: 7
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 4740.00
•   
Cap Rate: 5.90
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 16322.00
•   
Insurance Expense: 1697.00
•   
Professional Management Expense: 8482.00
•   
Total Expenses: 38956.00
•   
Gross Scheduled Income: 124000.00
•   
Tax Block: 11
•   
Operating Expense: 38950.00
•   
Gross Multiplier: 11.20
Tax/Assessment Info
•   
Gross Income: 124000.00
•   
Tax Year: 2020
•   
Taxes: 10319.0
Lease Info
•   
Net Operating Income: 82216.00
Listing Info
•   
Status: Active Under Contract
Other
•   
Electric Expense: 114.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1450.00
•   
Unit 3 Total Units: 2
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 2900.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1700.00
•   
Unit 2 Bedrooms: 3
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 1700.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 3
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 1800.00
•   
Unit 1 Total Rent: 5400.00
Multi Unit Information
•   
# Of Units: 3
School Neighborhood & Directions
Location
•   
Other Subdivision Name: North West Lmpc(49)
•   
Subdivision: North West Lmpc(49)
•   
Community Features: Curbs, Gutters, Sidewalks
School Info
•   
Directions: From Hwy 246 in Lompoc, turn north onto N H St. Turn left onto W College Ave. Turn left onto N L St. Property will be ahead on the left.
Other
Calculation
•   
Dom: 120
•   
Cdom: 120
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 22, 2021 7:36am
Neighborhood snapshot
14
Properties for sale
8
Median days on market
$264.00
Median sold price/sqft
99.31%
Sold/List %
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Property History
11/25/2020
11/25/2020
CRMLS #PI20246587
active
CRMLS #PI20246587
$1,395,000
+1.45%
06/02/2020
06/02/2020
CRMLS #PI20070758
active
CRMLS #PI20070758
$1,375,000
--5.17%
04/08/2020
04/08/2020
CRMLS #PI20070758
active
CRMLS #PI20070758
$1,450,000
+65.71%
09/18/2019
09/18/2019
Public Record
sold
Public Record
$875,000
+15.51%
07/12/2005
07/12/2005
Public Record
sold
Public Record
$757,500
+65.03%
See more property history
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