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Sold on 05/24/2024
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  • Bedroom

1001-1021 E Cypress Ave, Lompoc, CA 93436

  • $16,918,531

    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 37 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
$16.9M
Range: $15.2M-$18.6M
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

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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

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