732 G St Lompoc, CA 93436-4532

Property Details for 732 G St

Lot size

0.16 lot acres

Property type

Apartment buildings

APN

087-092-019

APU

87092019

Description

This exceptional investment opportunity presents a seven-unit apartment building located at 732 N. G St., Lompoc, CA 93436. The property sits on a 0.16-acre lot and is priced at $1,200,000. The building comprises four three-bedroom apartments and three two-bedroom apartments, catering to a diverse tenant base. A significant income stream is generated by a coin-operated laundry room located on the premises. Ample parking is available, utilizing both street and alley access. Recent upgrades include a new roof and rebuilt balconies/landings for the upper units. The property benefits from its convenient location, just one block from shopping and public transportation, offering residents easy access to amenities. Lompoc's thriving economy, fueled by Vandenberg Space Force Base and its proximity to Santa Barbara and San Luis Obispo, makes this a desirable location for both residents and investors. The property's potential is further enhanced by the availability of six additional units for sale by the same owner at a nearby address (736 North G St.), presenting the possibility of creating a cohesive courtyard development. This multifamily property offers a compelling blend of immediate income generation and long-term growth potential in a desirable California market.

Location Insight

City

Lompoc

County

Santa Barbara

State

California

Longitude

-120.456

Latitude

34.6499

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments