625 N B St, Lompoc, CA 93436

The property features 12 single story, garden style apartment units consisting of 10 two-bedroom/one-bath units and two one-bedroom/one-bath units. The units are spacious and offer an investor upside with minimal investment. Each unit is separately metered for gas and electric. The property features a large, open grassy area in front and two of the units have private yard/side yard areas. The complex also features an on site laundry room and generous parking in the rear of the property. This is an ideal property for an investor looking to take advantage of a strong rental market to achieve solid upside in investment returns. The City of Lompoc (current population approximately 67,000 including the adjacent Vandenberg Air Force Base) is located along the scenic Pacific Coast Highway (Hwy 1) and Highway 246, approximately 55 miles northwest of Santa Barbara. Lompoc is surrounded by rolling hills on three sides and open along the western side towards the Pacific Ocean which is only nine miles from downtown. Lompoc is home to the 30th Space Wing at Vandenberg Air Force Base. This base is responsible for all Defense Department operations related to space, satellite and missile activity on the West Coast. The wing supports NASA, NOAA and various private industry partners. Additionally, Lompoc is home to Allan Hancock College, a public community college ranked in the top five in the State of California and in the top 120 in the country.