Two-Unit Duplex with Updated Front
For Sale
$799,000
Pending
426 N G St, Lompoc, CA 93436
Both residences are vacant, and the rear home has three bedrooms with a full bathroom for each.
Property Size2,847 SF
Days on Market23
Property Features for 426 N G St
General Information
Standard status
Pending
Size
2,847 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1945
Buildings
2
Listing Agency:
PREFERRED PROPERTIES REALTY GROUP
Listed By:
Scott Ehmer · License #01208743
(805) 757-4470
Source:
Santaynezvalleyhomesforsale
Added: Sep 22
Changed: Oct 1
Last Checked: Oct 12 at 7:57PM
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 PREFERRED PROPERTIES REALTY GROUP
Investment Insights
Based on property information with market context.
This duplex comprises two detached single-family residences on one parcel, with a combined area of 2,847 square feet. Both units are vacant. The front home has a new roof, dual-pane windows, a renovated kitchen and main bathroom, and updated flooring and interior paint. The rear home offers three bedrooms, each paired with a full bathroom. The property was built in 1945.
Key Highlights
- Two single‑family residences on one lot
- Combined building area of 2,847 square feet
- Front residence features a new roof and dual‑pane windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,549
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,250,980
$1.3M
Cap Rate 7%
$893,557
$893.6K
Cap Rate 9%
$694,989
$695.0K
Market Conditions
NOI Build-Up for 2,847 SF
Gross rent
$92.2K $32.40/SF
− Vacancy
−$2.9K −$1.01/SF
EGI
$89.4K $31.39/SF
− OpEx
−$26.8K −$9.42/SF
NOI
$62.5K $21.97/SF
Area
Santa Barbara County, CA
Vacancy
3.13%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,250,980
Cap Rate 7%
$893,557
Cap Rate 9%
$694,989
Alternative Uses
Best Use
Multifamily LT 5
$893.6K
$781.9K – $1.04M
NOI $62,549 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$804.7K
$704.1K – $938.8K
NOI $56,327 @ 7.0% cap · market cap 7.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,528
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, and the rear home has three bedrooms with a full bathroom for each.
Where is this duplex located?
The property is located at 426 N G St Lompoc, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two single‑family residences on one lot; Combined building area of 2,847 square feet; Front residence features a new roof and dual‑pane windows
