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Sold on 01/28/2022
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507 W Ocean Ave, Lompoc, CA 93436

$1,220,000

Last sold 01/28/2022 after 144 Days

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    bed

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    bath

Multi-family not for sale
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About 507 W Ocean Ave

Property type Multi-family
Year built 1952
HOA fee $0/month
Lot size 0.32 Acre
Rental estimate
Property description
Bread and butter units in south Lompoc. The property features 6 well-maintained, single story, 2Bed/1Bath units in 2 buildings. Dual pane windows and tile flooring throughout. Units are separately metered for electricity and gas. 10 uncovered parking spaces at rear of property. Most tenants are long term, and all rental agreements are month to month.
Listed by
Listing Agent - Steven Battaglia
Listing Office - Steven Battaglia, Broker
Source: CRMLS mls logo
MLS#PI21197025 • last updated 4 years ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style One
Type Residential Income
Status Closed
Lot Size (Acres) 0.32
Lot Size (SqFt) 13939
Year Built 1952
Interior
Laundry None
Exterior
Foundation Slab
Construction Stucco
Building Area Square Feet, 4032
Parking Paved, On Site, Uncovered
# Uncovered Spaces 10
# Parking Spaces 10
Lot Description Level, Near Public Transit
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Santa Barbara
Community Features Sidewalks
Subdivision South West Lmpc(54), South West Lmpc(54)
Directions From Intersection Of H St And Ocean Ave In Lompoc, Go West On Ocean Ave. Property Is 5 Blocks Ahead On Your Right.
APN 91073018
Multifamily Details
Operating Expense 29492
Cap Rate 5
Expense: Insurance 1344
Total Expenses 29948
Expense: Water/ Sewer 1920
Gross Income 93600
Gross Multiplier 13.1
Gross Scheduled Income 93600
Lot/ Land Details
Road Frontage City Street
Rental est.: $1,713/month
Gross rent multiplier: 59.4
  • Jan 2022
    mls logo MLS # 21-3408
  • Jan 28, 2022 Sold
    $1,220,000
  • Nov 16, 2021 Pending
    —
  • Nov 10, 2021 Listed
    —
  • Oct 26, 2021 Pending
    —
  • Sep 9, 2021 Listed
    $1,225,000
  • Jan 2022
    Public Records
  • Jan 28, 2022 Sold
    $1,220,000
  • Jan 2022
    mls logo MLS # PI21197025
  • Jan 28, 2022 Sold
    $1,220,000 (-0.4%)
  • Dec 2, 2021 Pending
    —
  • Nov 16, 2021 Active
    —
  • Nov 10, 2021 Listed
    —
  • Oct 26, 2021 Active
    —
  • Sep 6, 2021 Listed
    $1,225,000 (+113.0%)
  • Feb 2006
    Public Records
  • Feb 16, 2006 Sold
    $575,000
  • Year Property taxes Tax assessment
  • 2024
    $14,063 +0.4%
    $1,294,673 +4.04%
  • 2023
    $14,002 +66.1%
    $1,244,400 +68.06%
  • 2022
    $8,431 -1.1%
    $740,447 +2.0%
  • 2021
    $8,525 +1.1%
    $725,930
  • 2020
    $8,434
    $725,930
  • 507 W Ocean Ave
    $1.22M
  • —
  • 93436
    $657K 0% y/y
  • Lompoc
    $649K -1% y/y
No chart available
Statistics calculated by Movoto

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5/10
Miguelito Elementary School
public Grades K-6
Lompoc Unified School District
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.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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