324 N L Street, Lompoc, CA 93436

$1,520,000
Sold Price
$1,520,000
List Price
$1,750,000
Status
CLOSED
MLS#
23-2467
Closing Date
Jan 05, 2024
Lot Size
20,909
Region
LOMPOC
Year Built
1993

Property Description

Three (3) single story fourplexes on 2 parcels with all 1Bed/1Bath units, each featuring a private rear patio. Units are separately metered for electricity and gas, and each building has its own water meter. 12 uncovered parking spaces at rear of property. Most tenants are long term, and all rental agreements are month to month. Larger parcel may be of sufficient size to split so that each fourplex resides on a separate lot. Check with your architect and/or the City to confirm parcel eligibility for lot split/merger.

Additional Information

Elementary School
Other
Middle School
Other
High School
Other
Acres
0.48
Amenities
Patio
Annual Income
135660
Capitalization Rate
4.24
Condition
Fair
Gross Rent Multiplier
12.90
Lot Size
20,909
Region
LOMPOC
Total Annual Expense
57412
Units
12
Zoning
R-3

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Battaglia Commercial Real Esta. Selling Office: .