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12-Unit Apartment Building in Opportunity Zone
For Sale
Contact for pricing
Pending

221 North N Street, Lompoc, CA 93436

Two-story garden-style buildings feature two-bedroom apartments, shared laundry, a courtyard, and separate gas and electric metering.

Property SizeContact for details
Lot Size0.34 Acres
Days on Market142

Property Features for 221 North N Street

General Information

Standard status Pending
Total Parking Spaces 12
Lot size 0.34 Acres
Property subtype Multifamily

Units

Unit Mix 12 x 2BR/1BA
Multifamily Units 12

Additional Details

Opportunity Zone Yes
Utilities to Site Yes

Amenities

courtyard
laundry facilities
separate gas and electric metering

Building Details

Buildings 2
Stories 2
Construction garden-style
Listing Agency: Fortuna Group
Listed By: Emily DeArkland · License #01902662
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 2:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortuna Group

Investment Insights

Based on property information with market context.

Located at 221 North N Street in Lompoc, California, this 12-unit apartment community includes two two-story garden-style buildings. Every residence has two bedrooms and one bathroom, creating a consistent unit mix across the property. The improvements sit on a 14,810 square foot lot and share a central courtyard, laundry facilities, and 12 parking stalls.

All apartments have separate gas and electric meters. Four units have been renovated, while the property also includes eight units identified as under market in the source information. A RUBS program is identified as an additional revenue-management option. The community is within an Opportunity Zone and offers a straightforward multifamily configuration with shared resident amenities and on-site parking.

Key Highlights

  • 12‑unit apartment community in an Opportunity Zone
  • Two two‑story garden‑style apartment buildings
  • All units are two‑bedroom, one‑bath apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Computer & Electronic Repair Carpet & Flooring Store Tech Support Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,140
Businesses Nearby

Demographics for 93436, CA

56,730
Population
18,928
Households
3
Avg Household Size
37
Median Age
17%
College-Educated
76%
High-School Grad
228.0 sq mi
ZIP Area
249
Density / Sq Mi
$76,241
Median Household Income
$36,340
Median Earnings
$1,578
Median Rent
$460,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story garden-style buildings feature two-bedroom apartments, shared laundry, a courtyard, and separate gas and electric metering.
Where is this apartment building located?
The property is located at 221 North N Street Lompoc, CA.
What are key features of this property?
This property features: 12‑unit apartment community in an Opportunity Zone; Two two‑story garden‑style apartment buildings; All units are two‑bedroom, one‑bath apartments
More about this property
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