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516-520 N U St 10 Unit Apartment Building $1,500,000 ($150,000/Unit) 4.33% Cap Rate Lompoc, CA 93436
Investment Highlights
- Prime value-add multifamily opportunity in the City of Lompoc
- Asset benefits from steady local rental demand and proximity to key employers, services, and community amenities.
- Situated on a 13,938 SF lot
- Clear pathways to enhance income and long-term value
Executive Summary
516–520 N U Street presents a prime value-add multifamily opportunity in the City of Lompoc. The property consists of ten 1-bed/1-bath units with current rents notably below market, offering substantial upside through strategic renovations and rent repositioning. Situated on a 13,938 SF lot, the asset benefits from steady local rental demand and proximity to key employers, services, and community amenities. With clear pathways to enhance income and long-term value, this offering is well-suited for investors seeking growth potential in a supply-constrained Central Coast market.
Property Facts
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 4.33% | Building Size | 5,145 SF |
| Gross Rent Multiplier | 12.39 | No. Stories | 1 |
| No. Units | 10 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.94/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,500,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 4.33% |
| Gross Rent Multiplier | 12.39 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 5,145 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.94/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,092,420 | |
| Land Assessment | $208,080 | Total Assessment | $1,300,500 |
Property Taxes
Parcel Numbers
Land Assessment
$208,080
Improvements Assessment
$1,092,420
Total Assessment
$1,300,500
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516-520 N U St
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