601 W Ocean Ave

Lompoc, California 93436

$8,250,000 0 Beds 0.0 Baths sq ft MLS# 18-2761

About 601 W Ocean Ave

SEE OFFERING MEMORANDUM IN DOCUMENTS!55 Unit Apartment Portfolio allows a turn-key opportunity to leverage the scorching rental market in Lompoc. These properties enjoy continued 96%+ occupancy, currently scheduled to generate $55,735 in monthly gross rental income. Following the consistent increase in rental occupancy in Lompoc, this asset presents the opportunity to serve this urgent market need for decades to come. Recent improvements include new roofing, plumbing and unit upgrades throughout several of the properties.This offering consists of 9 buildings on 7 separate parcels with a mix of mostly one and two bedroom units. All are near shopping, parks, schools, and public transportation.

601 W Ocean Ave Details

MLS #18-2761
Price$8,250,000
StatusActive
Beds0
Baths0.0
Half Baths0
Zip Code93436
Area55 - LOMPOC
Property TypeResidential%20Multi-Unit
Elementary SchoolOther
Junior High SchoolOther
High SchoolOther

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Listing Courtesy of Century 21 Butler Realty, Inc.
All information is deemed reliable, but is not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Village Properties shall be responsible for any typographical errors, misinformation, or misprints. © 2019 Santa Barbara Multiple Listing Service. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market.
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