130 N G St - Apartments FOR SALE


Lompoc, CA 93436- Downtown Lompoc
$2,100,000 USD
805-698-0174
130 N G St, Lompoc, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/1
null | 5.75% Cap Rate

130 N G St
Lompoc, CA 93436
Downtown Lompoc


HIGHLIGHTS

  • Prominent corner lot in the heart of downtown Lompoc
  • 3 distinct buildings: duplex, 4-unit apartment building, single-family home
  • Most units renovated (except single-family home)
  • Includes 5 separately leased parking garages generating additional annual storage income

OVERVIEW

130 North G St is a well-maintained, turn-key multifamily property located on a prominent corner lot at Walnut Avenue and G Street in the heart of Lompoc, just north of Ocean Avenue. This 7-unit property offers a mix of (5) 1BD/1BA units, (1) 2BD/1BA unit, and (1) 2BD/2BA single-family home. The property consists of three distinct buildings: a duplex, a four-unit apartment building, and a single-family home. Every unit (with the exception of the SFH) has been fully renovated with luxury vinyl plank (LVP) flooring, stainless steel appliances, new plex and water lines, modern wall heaters with thermostat controls, and tankless water heaters. Five separately leased parking garages generate additional annual storage income, adding further value to this investment. The property spans ±5,460 square feet on a ±20,909 square foot lot, featuring a shared laundry room and ample off-street parking. A recent survey suggests the potential for a lot split, separating the duplex and single-family home (3 units) from the four-unit building (4 units). There is also potential for a lateral split in the rear of the lot and the possibility of adding 2-3 more units (buyer to verify feasibility). See page 6 for potential lot split line and ADU placement.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

6

PRICE/UNIT

$350,000

CAP RATE

5.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey Multifamily Asset

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

MU

APN/PARCEL ID

085-123-014

ASK ABOUT THIS PROPERTY

Steve GolisRadius Commercial Real EstateMore Info
805-698-0174

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Steve GolisRadius Commercial Real EstateMore Info
805-698-0174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.