310 South H Street

Lompoc, CA 93436

$2,300,000
Price
3
Beds
2
Baths
4,830 Sq. Ft.
$476 / Sq. Ft.
4,830
Sq. Ft.
$476
per Sq. Ft.

Description

310 South H St is located in a prime area of Lompoc, just south of Ocean Avenue on the central street of South H, & is a fully renovated, turn-key, cash-flowing asset. This 8-unit multifamily property has undergone comprehensive upgrades in the past couple of years, making it an exceptional investment opportunity. Each unit features brand-new luxury vinyl plank (LVP) flooring, stainless steel refrigerators & stoves, new plex & water lines, modern wall heaters w/ thermostat controls, and tankless...310 South H St is located in a prime area of Lompoc, just south of Ocean Avenue on the central street of South H, & is a fully renovated, turn-key, cash-flowing asset. This 8-unit multifamily property has undergone comprehensive upgrades in the past couple of years, making it an exceptional investment opportunity. Each unit features brand-new luxury vinyl plank (LVP) flooring, stainless steel refrigerators & stoves, new plex & water lines, modern wall heaters w/ thermostat controls, and tankless water heaters for maximum efficiency. The property includes a desirable unit mix of (6) 1BD/1BA units & (2) 2BD/1BA units, with off-street parking for 8 vehicles. With a strong 5.46% current CAP rate, 310 South H Street is the definition of a low-maintenance, high-yielding investment opportunity!
  1. Listed by Steven J Golis • DRE #00772218 • Radius Group Commercial R.E.
  2. Listed by Michael Lopus • DRE #01970736 • Radius Group Commercial R.E.

Property Details for 310 South H Street

Zoning
Other
Zoning:Other
Yes
Location Info:Cross Street
Olive
Property Information:Recurring Fees
No
LISTING UPDATED: 10/25/2024 11:32 AM

Property Details for 310 South H Street

StatusActive
MLS #24-3534
Days on Market54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size-
CountySanta Barbara County

Building Information for 310 South H Street

Stories-Residences8Year Built1958Building Size-Lot Size-

Property Information for 310 South H Street

Details
Features
  • District: 55 - LOMPOC
  • District: 55 - LOMPOC
  • Laundry Features: Community
  • Roof: Flat
  • Heating: Other Heat
  • View: None
  • Cooling: None
  • Common Walls: Detached/No Common Walls
  • Community Features: Suburban
  • Cooling: No
  • Heating: Yes
  • Pool Features: None
  • Pool: No
  • Spa Features: None
  • Fireplace: No
  • ADU #1:Parking: 6 - 10
  • Year Built Numeric: 1958
  • Main House SqFt: 4830.0
  • Building Area Total: 4830.0
Taxes and HOA Information
  • Association: No
  • Parcel Number: 085-232-015
  • Association Fee: $.00
Condo/Co-op/PUD
  • CondoCO-OPPUD:Association Fee: $.00
Parking/Garage
  • Open Parking Spaces: 8.00
  • Parking Info:Total # Unconvered Spaces: 8.00
Room Info
Room Info
  • Total Bathrooms: .00
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
Location Info
Location Info
  • Directions: US-101 N, CA-154 W/San Marcos Pass Rd and CA-246 W/E Hwy 246
  • Location Info:Compass Map: Lompoc
  • Location Info:Map Grid: G19
  • Lot Features: Sprinklers
Neighborhood/Schools
  • Elementary School: Other
  • Junior High School: Other
  • High School: See Remarks
  • NeighborhoodSchools:Elementary School: Other
  • NeighborhoodSchools:Junior High School: Other
  • NeighborhoodSchools:High School: See Remarks
Property / Assessor Information
Property / Assessor Info
  • Lot Size Square Feet: 0.0
  • Lot Size Area: 0.0
  • PropertyAttachedYN: No
  • Lot Size Acres: 0.0
  • Lot Size Units: Square Feet
  • Property Type Label: Res Inc
  • New Construction YN: No
  • Senior Community YN: No
  • Condition:Good: Yes
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Year Built: 1958.0
Income / Expense Info
Income / Expense Info
  • Income/Expenses:Gross Rent Multiplr: 12.86
  • Income/Expenses:Capitalization Rate: 5.46
  • Income/Expenses:Trash Expense: $0
  • Income/Expenses:Total Monthly Income: $14,900
  • Income/Expenses:Annual Income: $178,800
  • Gross Income: $178,800
  • Insurance Expense: $3,750
  • Trash Expense: $0
  • OperatingExpense: $48,712
Unit Info
Unit Info
  • Number Of Units Total: 8
Unit 1 Info
  • Unit 1:# Units: 6
  • Unit 1:# Bedrooms: 1
  • Unit 1:# Baths: 1
  • Unit 1:# Half Baths: 0
  • Unit 1:Furnished: N
  • Unit 1:Rent: $10,800.00
  • Unit 1:Monthly Total: $10,800.00
Unit 2 Info
  • Unit 2:# Units: 2
  • Unit 2:# Bedrooms: 2
  • Unit 2:# Baths: 1
  • Unit 2:Monthly Total: $4,100.00
Rental
Rental Information
  • Total Actual Rent: $14,900

Property History for 310 South H Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 310 South H Street

Taxable ValueLand$127,344Additions$1,026,187Total$1,153,531
Tax Record2024$12,815 ($1,068 / month)
Home Facts
Lot Size8,712 SqFtStyleMulti-Family Res (5+ Units)CountySANTA BARBARAAPN085-232-015

Schools near 310 South H Street

This home is within Lompoc Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Arthur Hapgood Elementary School
PublicK to 6

Lompoc Valley Middle School
Public7 to 8

Lompoc High School
Public9 to 12

Dr Bob Forinash Community Day
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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310 South H Street is a multi-family home for sale in Lompoc, CA 93436. This property was listed for sale on October 25, 2024 by Radius Group Commercial R.E., it's currently listed at $2,300,000. It has been on the market for a total of 54 days and was last sold on January 15, 2021. This listing's school district is Lompoc Unified School District. Nearby schools include Arthur Hapgood Elementary School, Lompoc Valley Middle School and Lompoc High School. 310 South H Street is a 3-bed, 2-bath, 4,830 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Radius Group Commercial R.E., Steven J Golis, DRE #00772218; Radius Group Commercial R.E., Michael Lopus, DRE #01970736

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.