1001-1021 E Cypress Avenue, LOMPOC
LOMPOC Home For Sale
Unique opportunity to acquire 60 units in two contiguous multifamily properties located at 1001 E Cypress Ave (''Bahia La Paz'') & 1021 E Cypress Ave (''Kimi East'') situated on the Central Coast in the City of Lompoc. Both buildings are garden-style courtyard communities that have been well maintained by the owner which have an excellent unit mix of 40 x 2BD/1BA units & 20 x 1BD/1BA units, ample onsite parking, multiple onsite laundry facilities, large-functional unit layouts, & an ideal location in the Lompoc Valley. Current rents are 25-35% under market providing for upside through annual rent increases under AB 1482 & by moving rents to market during turnovers. Lompoc is a thriving City providing housing for Vandenburg Space Force Base & the Santa Maria/Santa Ynez valleys.
Property Details
Additional Information
-
- City:
- LOMPOC
-
- County:
- Santa Barbara
-
- Zip:
- 93436
-
- MLS® #:
- 24-1159
-
- Lot Size:
- 1.90
-
- Neighborhood:
- 55 - LOMPOC
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than Beach Cities Real Estate are marked with the "MLS" logo and detailed information about them includes the name of the listing brokers.
All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Beach Cities Real Estate shall be responsible for any typographical errors, misinformation, or misprints. ©2024 Santa Barbara Multiple Listing Service. All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information last updated on May 2nd, 2024 at 2:15am PDT.