Well-Kept Triplex with
618 North B Street Lompoc, CA 93436
618 North B Street, Lompoc, CA, 93436
$675,000
Pending
For Sale
$675,000
Pending
Well-maintained triplex with existing tenants and September 2022 maintenance and upgrades totaling $93,000.
Property Size2,000 SF
Days on Market50
Property Features for 618 North B Street
General Information
- Standard status
- Pending
- Size
- 2,000 SF
- Property subtype
- Multi-Family / Multi Family
Listing agency
PREFERRED PROPERTIES REALTY GROUP
(805) 757-4470
Listed by
Scott Ehmer · License #01208743
(805) 757-4470
Source
Compass
Added: Jun 4 Updated: Jul 21 at 11:41PM Checked: Jul 22 at 11:13AM
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 well-kept triplex offers residential income with solid existing tenants. The property has benefited from approximately $93,000 in maintenance and upgrades completed in September 2022, including termite repairs and clearance, new sewer lines, new tub enclosures, vanities, toilets, dual pane windows, and LVP flooring, among other improvements.
The asset is located at 618 North B Street in Lompoc, CA 93436.
With a completed upgrade package focused on key interior and exterior components, this triplex presents a maintained configuration intended to support continued occupancy.
The asset is located at 618 North B Street in Lompoc, CA 93436.
With a completed upgrade package focused on key interior and exterior components, this triplex presents a maintained configuration intended to support continued occupancy.
Key Highlights
- 3‑bedroom, 3‑bath triplex on a slab foundation with 1 story
- Existing solid tenants
- September 2022 maintenance and upgrades totaling $93,000
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $32.40 |
| − Vacancy | −$2.0k | −$1.01 |
| EGI | $62.8k | $31.39 |
| − OpEx | −$18.8k | −$9.42 |
| NOI | $43.9k | $21.97 |
2,000 SF · lease $32.40/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$627.7K
$549.3K – $732.3K
NOI $43,940 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$565.3K
$494.6K – $659.5K
NOI $39,570 @ 7.0% cap · market cap 5.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Well-maintained triplex with existing tenants and September 2022 maintenance and upgrades totaling $93,000.
Where is this triplex located?
The property is located at 618 North B Street Lompoc, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3‑bedroom, 3‑bath triplex on a slab foundation with 1 story; Existing solid tenants; September 2022 maintenance and upgrades totaling $93,000
