Movoto Real Estate
Search
About Home value Property history Market statistics Schools Neighborhood Places of interest
Sold on 05/24/2024
  • View/Area
  • Exterior
  • Bath
  • Kitchen
  • Living
  • Entry Way
  • Other
  • Bedroom

1001-1021 E Cypress Ave, Lompoc, CA 93436

  • $16,851,027

    Last sold 05/24/2024 for $10M

  • 3

    bed

  • 2

    bath

  • 52,608

    Sqft ($191/Sqft)

Multi-family not for sale
Movoto is helping 25 homebuyers near you

About 1001-1021 E Cypress Ave

Property type Multi-family
Neighborhood
HOA fee $0/month
Lot size 1.9 Acre
Movoto estimate
Property description
Unique opportunity to acquire 60 units in two contiguous multifamily properties located at 1001 E Cypress Ave (''Bahia La Paz'') & 1021 E Cypress Ave (''Kimi East'') situated on the Central Coast in the City of Lompoc. Both buildings are garden-style courtyard communities that have been well maintained by the owner which have an excellent unit mix of 40 x 2BD/1BA units & 20 x 1BD/1BA units, ample onsite parking, multiple onsite laundry facilities, large-functional unit layouts, & an ideal location in the Lompoc Valley. Current rents are 25-35% under market providing for upside through annual rent increases under AB 1482 & by moving rents to market during turnovers. Lompoc is a thriving City providing housing for Vandenburg Space Force Base & the Santa Maria/Santa Ynez valleys.
Listed by
Listing Agent - Christos Celmayster
Listing Agent Contact: Christos@hayescommercial.com
Listing Office - Hayes Commercial Group
Source: Santa Barbara AOR mls logo
MLS#24-1159 • last updated 2 years ago
Movoto checked Santa Barbara AOR for data 11 minutes ago
Overview
Levels/Style 2
MLS # 24-1159
SqFt (Living Area) 52608
Status Closed
Lot Size (Acres) 1.9
Lot Size (Sqft) 82764
Year Built 84
Interior
Laundry Laundry Room
Exterior
Parking Carport, Uncovered
Lot Features Near Public Transit
Location
Area 55 - LOMPOC
Subdivision Lompoc
Elementary School Other
Middle School Other
High School Other
APN 085-150-093
Multifamily Details
Owner Pays Trash Collection, Water
Total # of Units 60
Operating Expense 328631
Total Rent 72955
Gross Income 885605
$16.8M
Range: $15.1M-$18.5M
Last 30 days 
  • Jul 2024
    mls logo MLS # 24-1159
  • Jul 13, 2024 Sold
    $10,050,000 (-3.8%)
  • May 28, 2024 Pending
    —
  • Apr 15, 2024 Listed
    $10,445,000
  • 1001-1021 E Cypress Ave
    $10M
  • 55 - Lompoc
    —
  • 93436
    $649K 0% y/y
  • Lompoc
    $619K -4% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
4/10
Lompoc Valley Middle School
public Grades 7-8
Lompoc Unified School District
4/10
Lompoc High School
public Grades 9-12
Lompoc Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around 55 - Lompoc

Explore everything this neighborhood has to offer.
View homes for sale in 93436, CA
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby homes for sale in Lompoc, CA

Newest listings in 93436

  • Real Estate
  • CA
  • Santa Barbara County
  • Lompoc
  • 93436
  • 1001-1021 E Cypress Ave
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by Santa Barbara. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is 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. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
The data relating to real estate for sale on this web site comes in part from the Santa Barbara Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate and should be independently verified. © 2026 Santa Barbara Association of REALTORS®. All rights reserved.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.