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Sold on 08/11/2025
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733 N C St, Lompoc, CA 93436

  • $2,600,000

    Last sold 08/11/2025 after 21 Days

  • 8

    bed

  • 22

    bath

  • 11,254

    Sqft ($231/Sqft)

Multi-family not for sale
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About 733 N C St

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 0.53 Acre
Movoto estimate
Property description
Coral Apartments in Lompoc is a well maintained 22-unit multifamily apartment complex in Lompoc with upgraded copper plumbing, newer ABS sewer lines, newer gas heaters, upgraded tile bathrooms, & more. 8-1bd apts & 14 studios surround a tastefully landscaped courtyard, with security gates and camera system in addition to on-site parking and a common laundry room. The property is operated subject to an affordable covenant that expires in 2034 which restricts the renting of the apartments to ''Low'' or ''Very Low'' Income Households. Even with the affordable restrictions, there is strong upside in rents that can yield a Proforma CAP rate of 9.6 giving the savvy investor ''value-add'' opportunity in the short term with additional upside once the affordable agreement expires.
Listed by
Listing Agent - Steven Battaglia
Listing Agent Contact: Srb@BattagliaRE.com
Listing Office - Battaglia Commercial Real Esta
Source: Santa Barbara AOR mls logo
MLS#25-2768 • last updated 7 months ago
Movoto checked Santa Barbara AOR for data 3 minutes ago
Overview
Heating GFA
Levels/Style 2
MLS # 25-2768
SqFt (Living Area) 11254
Status Active
Lot Size (Acres) 0.53
Lot Size (Sqft) 23086
Condition Excellent
Year Built 1960
Interior
Laundry Laundry Room
Exterior
Foundation Slab
Parking Uncovered
Location
Area 55 - LOMPOC
Elementary School Other
Middle School Other
High School Other
APN 087-103-020
Multifamily Details
Owner Pays Trash Collection, Water
Total # of Units 22
Operating Expense 103173
Total Rent 19150
Gross Income 229800
$2.6M
Range: $2.34M-$2.86M
Last 30 days 
  • Aug 2025
    mls logo MLS # 25-2768
  • Aug 14, 2025 Pending
    —
  • Jul 21, 2025 Listed
    $2,760,000
  • Aug 2025
    mls logo MLS # PI25159888
  • Aug 14, 2025 Pending
    —
  • Jul 22, 2025 Listed
    $2,760,000
  • 733 N C St
    $2.6M
  • 55 - Lompoc
    —
  • 93436
    $650K -5% y/y
  • Lompoc
    $649K -6% 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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  • CA
  • Santa Barbara County
  • Lompoc
  • 93436
  • 733 N C St
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