Address: |
view address Lompoc, CA 93436 Map Location |
Features: | Multi-level |
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Square Feet: | 52,608 sq.ft. | Lot Size: | 82764.0 |
Year Built: | 1984 | Property Type: | Apartment |
Neighborhood: | South East Lmpc(52) | County: | Santa Barbara |
List Date: | 2024-04-14 | Listing Number: | SC24074841 |
Listing Office: | [email protected] | Days on market: | 34 |
Unique opportunity to acquire 60 units in two contiguous multifamily properties located at 1001 E Cypress Avenue (�Bahia La Paz�) and 1021 E Cypress Avenue (�Kimi East�) situated on the Central Coast in the City of Lompoc. Both buildings are garden-style courtyard communities that provide an excellent unit mix of 40 x 2BD/1BA units and 20 x 1BD/1BA units, excellent onsite parking, onsite laundry facilities, functional unit layouts, and an ideal location in the Lompoc Valley. Bahia La Paz is 24-unit Mission-style, red tiled roof building constructed in 1984 consisting of sixteen 2BD/1BA townhome units (with fireplaces) and 8 X 1BD/1BA flats. Tenants enjoy either private patios or balconies, a common courtyard with two community BBQs, an onsite laundry facility, and on-site parking consisting of 26 carport spaces and 17 uncovered spaces. All tenants are on a month-to-month lease with current rents that are approximately 25% below market. Kimi East Apartments is a 36-unit Mid-Century building constructed in 1963 and comprised of 24 X 2BD/1BA units and 12 X 1BD/1BA (all flat units). Tenants enjoy a common courtyard with three community BBQs, two on-site laundry rooms and 36 carport spaces with tenant storage closets. All tenants are on a month-to-month lease with current rents that are approximately 35% below market. Ownership has recently replaced all railings at the property to meet today�s code.
Laundry Features: | Common Area | Laundry: | Yes |
Lot features: | Corner Lot |
Pool Features: | None |
Community Features: | Suburban, Curbs, Park, Sidewalks, Street Lights |
Sewer: | Public Sewer |
Special Listing Conditions: | Standard |
Year Built: | 1984 | Levels: | Two |
Stories: | 2 |
Lot Dimensions: | 82764.0 |
Building Area total: | 52608.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.