Home For Sale In Lompoc, California

house for sale

Listed: 05/05/24

404 West Laurel Avenue, Lompoc, CA 93436, USA

7 Bed:

4 Bath:

2,496 Sq Ft Living Area:

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Price

$ 995,000

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About This House

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, 496Lot Size: 6, 970 SFUnit Composition: 3 units with … Full description

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Houses for sale in Lompoc

Original listing

Lompoc Village Housing & Living

Household Income

Median household income: $49,074

Number of households: 13,410

The average household income in Lompoc, CA grew from $46,728 to $49,074 in the past year. This data is an estimate based upon 13,410 households in Lompoc, CA.
The chart below presents how household income is distributed in Lompoc, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $2k-$3k

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lompoc, CA compared to median property taxes around the country. The prevalent amount of property taxes in Lompoc, CA equals $2k-$3k , which is more than the national average.