Lompoc CA Apartment Building For Sale Class C Apartment Buildings For Sale and Apartment Buildings For Sale Lompoc CA Santa Barbara County Apartments For Sale by Francis X. Lennarz, RE/MAX of Valencia, ValenciaCommercial.com

Property Description

Gross Scheduled Income (GSI) is $130,800!
100% Occupied, with an established tenant waiting list!
Cap Rate is 8.76%, based on ACTUAL RENTS!
GRM (Gross Rent Multiplier) is 9.16 times, based on ACTUAL RENTS!
Ideal Apartment Building for a 1031 Tax Exchange!
14 units total (4 units are 2 bedroom and 10 units are 1 bedroom)
NO RENT CONTROL in the City of Lompoc, CA!
Great location within business district for employment opportunities, walking distance to local schools and near transportation!
Excellent Tenant Pool from nearby Vandenberg AFB for military personnel and civilian employees looking for rental space!
Professionally managed with an on-site manager and seller/manager will manage for FREE for 1 year after purchase by new owner!
Interior of each unit is completely renovated with new dishwashers, stove/cooktop, kitchen cabinets and counters, flooring, interior paint, fixtures, sinks, toilets, etc.

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Additional Information:

Contact: Francis X. Lennarz, Realtor
Commercial Real Estate Investment Advisor

RE/MAX of Valencia - Commercial Division
Direct: 1.661.284.5014
Fax: 1.661.284.5454