310 H St Lompoc, CA 93436-7244

This fully renovated, eight-unit apartment building in Lompoc, California, presents a compelling investment opportunity. Located at 310 S H St, this property boasts a desirable location just south of Ocean Avenue. The 4,830 square foot building, constructed in 1958, features a mix of six one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units, providing a balanced rental portfolio. Recent upgrades include brand-new luxury vinyl plank flooring, stainless steel appliances (refrigerators and stoves), updated plumbing (plex and water lines), modern wall heaters with thermostats, and efficient tankless water heaters in each unit. The property also offers eight off-street parking spaces. The building sits on a 4,830 square foot lot (APN: 085-232-015) and currently generates a Net Operating Income (NOI) of $125,517, representing a 5.46% capitalization rate. This turnkey asset offers a low-maintenance, high-yield investment with significant potential for long-term growth in a sought-after area of Lompoc, California. The asking price is $2,300,000, translating to a price per square foot of $476. This property is ideal for investors seeking stable returns and appreciation in a thriving market.