Varinder Kumar
This listing was posted on RealtyWW.
$995,000
Home For Sale In Lompoc, California
Price:
$995,000
BR/BA:
7 BR, 4 BA
Location:
337 N K St, Lompoc, CA
Description:
Discover a remarkable investment opportunity with this fully remodeled 4-unit multifamily property located in the heart of Lompoc, CA. Live in one unit while the others generate income! Investment Highlights: Extensively renovated with modern finishes, including new kitchens, bathrooms, bedrooms, as well as new exterior and interior paint. Efficient unit layout with appealing floor plans and great floor-to-ceiling height. Includes 3 new dryers and 2 washers, enhancing tenant convenience. Tenants are responsible for electricity, gas, sewer, and trash expenses, minimizing operating costs for the owner. This property presents an attractive 6.6% CAP rate with a pro forma CAP rate of 8%, showcasing its potential for significant income growth. Square Footage: 2, 496 Lot Size: 6, 970 SF Unit Composition: 3 units with 2 beds and 1 bath each (672 SF each) and 1 unit with 1 bed and 1 bath (480 SF) Current Rental Income: $7, 950/month Future Rental Income (Post June 1, 2024): $8, 521/month Parking: 4 spaces Year Built: 1960, Renovated in 2023 Location Benefits: Situated in Lompoc, CA, a city known for its thriving economy and significant growth. Close to notable economic drivers such as the Trident Missile Program and Vandenberg Space Force Base. Supported by economic development initiatives and the Lompoc Valley Chamber of Commerce, aiming to attract businesses and create job opportunities. This property is a perfect match for investors seeking to capitalize on Lompoc's growing market while enjoying the benefits of a fully remodeled, turnkey investment. With its strategic location, modern amenities, and strong income potential, this multifamily opportunity is poised to be a valuable addition to any investment portfolio.For more details: https://realtyww.info/homes_lompoc-d529148/for-sale_i71395239
Property Type:
Single-Family Houses
Posted:
May 4 on RealtyWW
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More About this Listing: Home For Sale In Lompoc, California
Home For Sale In Lompoc, California is a Seven Bedroom 4.5 Bath Single-Family Homes for Sale at 337 N K St in Lompoc CA. Find other listings like Home For Sale In Lompoc, California and listings near 337 N K St by searching Oodle Classifieds for Seven Bedroom 4.5 Bath Single-Family Homes for Sale in Lompoc CA.
Home For Sale In Lompoc, California is a Seven Bedroom 4.5 Bath Single-Family Homes for Sale at 337 N K St in Lompoc CA. Find other listings like Home For Sale In Lompoc, California and listings near 337 N K St by searching Oodle Classifieds for Seven Bedroom 4.5 Bath Single-Family Homes for Sale in Lompoc CA.