116 E College Avenue

    Lompoc, CA 93436
    • $789,000
    • STATUS: Active
    • ON SITE: 128 days
    • MLS #: 18002285
    UPDATED: 17 min ago
    $789,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,200
      SQFT
    • $188
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1980
    County:
    Area:

    School Ratings & Info

    Description

    This is a great investment property and perfect for 1031 exchange clients. The building is fully occupied with 6 tenants, mostly month to month, and an excellent property manager in place. Very low maintenance, good condition, excellent location. 22 parkings spaces via perpetual parking agreement with adjacent owner make it desirable to tenants. Rents have not been increased in years. Current rents total $3732.50 monthly. 4.2% Cap Rate at full ask.Please do not disturb tenants.Call with questions or to view property: Kourtney Wright(805) 284-4997kourtney@compassfirst.com

    Monthly Payment Calculator



    © 2018 North Santa Barbara County MLS. All rights reserved. Based on information from the Santa Maria Association of REALTORS® (alternatively, from the Central Coast Regional MLS) as of 2018-12-10T16:29:37.883. All data, including measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams.

    www.theepsteinpartners.com/homes/86250071

    116 E College Avenue Lompoc, CA 93436

    • Price: $789,000
    • Status: Active
    • Updated: 17 min ago
    • MLS #: 18002285
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,200
    SQFT
    $188
    $/SQFT
    1980
    Built
    Neighborhood:
    1 - Not Applicable
    County:
    Santa Barbara
    Area:
    60 - Lompoc
    Property Description
    This is a great investment property and perfect for 1031 exchange clients. The building is fully occupied with 6 tenants, mostly month to month, and an excellent property manager in place. Very low maintenance, good condition, excellent location. 22 parkings spaces via perpetual parking agreement with adjacent owner make it desirable to tenants. Rents have not been increased in years. Current rents total $3732.50 monthly. 4.2% Cap Rate at full ask.Please do not disturb tenants.Call with questions or to view property: Kourtney Wright(805) 284-4997kourtney@compassfirst.com
    Exterior Features

    Exterior Stucco Lot Characteristics Corner Roof Description Flat Stairs To Entry Yes

    Interior Features

    Air Conditioning Other Foundation Slab Heating Forced Air Number Of Offices 6 Sprinklers No Stories One

    Property Features

    Existing Lease Terms Month To MonthOther Income Source Provided By Owner Landlord Pays ElectricityGardnerInsuranceTaxes Listing Detail None Location Free St Bldg Operating Expense AccountingElectricityInsuranceMaintenanceManagement Possession Close Of Escrow Property Use Free Standing BldgRetail-Other Real Estate Included No Reports Available Home InspectionPest Inspection Separate Meters Electric Sewer Public Sewer Sub Type Office Tenant Pays Cable TvElectricityGasTrash Collection Terms CashExchangeNew Loan Under Construction No Water Public Zone Description Commercial

    Listing provided courtesy of Matt Olufs of Compass First.



    © 2018 North Santa Barbara County MLS. All rights reserved. Based on information from the Santa Maria Association of REALTORS® (alternatively, from the Central Coast Regional MLS) as of 2018-12-10T16:29:37.883. All data, including measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams.

     
    Keller Williams
    1435 Anacapa St.
    Santa Barbara CA, 93101