6-Unit Apartment
526 N L Street, Lompoc, CA 93436
For Sale
$2,279,000
The property combines two-bedroom and three-bedroom residences with carports and owner-paid water and trash service.
Property Size4,926 SF
Price / SF$462.65
Days on Market287
Property Features for 526 N L Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
EMD Real Estate, Inc.
Listed By:
Tiburcio Uriarte
Source:
Monumentglobalestates
Added: Jan 28
Changed: Nov 7
Last Checked: Nov 9 at 8:29PM
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 EMD Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 1950, this apartment property contains six residences in two bedroom-and-bathroom configurations. Four units have three bedrooms and two bathrooms each; the other two offer two bedrooms and two bathrooms each. Carports serve the property, and the owner covers water and trash service.
Schools and a shopping center are nearby. The building contains 4,926 square feet.
Schools and a shopping center are nearby. The building contains 4,926 square feet.
Key Highlights
- Six apartments: four with 3 bedrooms and 2 bathrooms each, plus two with 2 bedrooms and 2 bathrooms each
- 4,926 square feet
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,460
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,949,200
$1.9M
Cap Rate 7%
$1,392,286
$1.4M
Cap Rate 9%
$1,082,889
$1.1M
Market Conditions
NOI Build-Up for 4,926 SF
Gross rent
$183.2K $37.20/SF
− Vacancy
−$6.0K −$1.23/SF
EGI
$177.2K $35.97/SF
− OpEx
−$79.7K −$16.19/SF
NOI
$97.5K $19.78/SF
Area
Santa Barbara County, CA
Vacancy
3.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,949,200
Cap Rate 7%
$1,392,286
Cap Rate 9%
$1,082,889
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.22M – $1.62M
NOI $97,460 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.55M
$1.35M – $1.80M
NOI $108,225 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,425
Businesses Nearby
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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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Market
Properties on Market for Apartment buildings in Santa Barbara County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines two-bedroom and three-bedroom residences with carports and owner-paid water and trash service.
Where is this apartment building located?
The property is located at 526 N L Street Lompoc, CA.
What is the asking price?
The asking price for this property is $2,279,000.
What are key features of this property?
This property features: Six apartments: four with 3 bedrooms and 2 bathrooms each, plus two with 2 bedrooms and 2 bathrooms each; 4,926 square feet; Built in 1950
