20 days on rocket

Backup Offers

337 N K St, Lompoc, CA, 93436

$995,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

337 N K St, Lompoc$995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeQuadruplex
Year Built1960
CoolingWall/Window Unit(s)
ViewNone
MLS #PT24087831
Lot Size0.16 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 337 N K St

Listing provided by Varinder Kumar please reach out directly for any questions or interest at 562.418.0998. Discover a remarkable investment opportunity with this fully remodeled 4-unit multifamily property located in the heart of Lompoc, CA. Live in one unit while the others generate income! Investment Highlights: Extensively renovated with modern finishes, including new kitchens, bathrooms, bedrooms, as well as new exterior and interior paint. Efficient unit layout with appealing floor plans and great floor-to-ceiling height. Includes 3 new dryers and 2 washers, enhancing tenant convenience. Tenants are responsible for electricity, gas, sewer, and trash expenses, minimizing operating costs for the owner. This property presents an attractive 6.6% CAP rate with a pro forma CAP rate of 8%, showcasing its potential for significant income growth. Square Footage: 2,496 Lot Size: 6,970 SF Unit Composition: 3 units with 2 beds & 1 bath each (672 SF each) and 1 unit with 1 bed & 1 bath (480 SF) Current Rental Income: $7,950/month Future Rental Income (Post June 1, 2024): $8,521/month Parking: 4 spaces Year Built: 1960, Renovated in 2023 Location Benefits: Situated in Lompoc, CA, a city known for its thriving economy and significant growth. Close to notable economic drivers such as the Trident Missile Program and Vandenberg Space Force Base. Supported by economic development initiatives and the Lompoc Valley Chamber of Commerce, aiming to attract businesses and create job opportunities. This property is a perfect match for investors seeking to capitalize on Lompoc's growing market while enjoying the benefits of a fully remodeled, turnkey investment. With its strategic location, modern amenities, and strong income potential, this multifamily opportunity is poised to be a valuable addition to any investment portfolio.

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Stories: 1

Listing Office:

  • Office Name: Coldwell Banker West
  • Office Phone: (619) 271-9500
  • Listing Agent: Varinder Kumar

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Lot Features

Lot Information:

  • Lot: Front Yard, Lawn, Landscaped
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Lompoc High School, Public District Grades 9-12
  • Lompoc Valley Middle School, Public District Grades 7-8
  • Arthur Hapgood Elementary School, Public Magnet Grades KG-6

Other

Directions Information:

  • Directions: From West Laurel Ave, go left to E Laurel Ave, turn left to N K St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $995,000

Tax Information:

  • Annual Amount: $1,428
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Lompoc, CA.

Map thumbnail provided by MapBox

Lompoc, CA

City

Med. Sold Price

$579K

Med. Price/SqFt

$365

Avg. Days On Market

66

# of Sold Homes

12

337 N K St vs Lompoc

20 DAYS ON ROCKET

-46 Days

$995,000

+$416K More

KEY TAKEAWAY

This property is $416K more than the Median Sold Price in Lompoc, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PT24087831

Listing Office:

  • Office Name: Coldwell Banker West
  • Office Phone: (619) 271-9500
  • Listing Agent: Varinder Kumar

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/23/2024, 4:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - $238,953
2020$1,428$116,006
2019$1,382$113,733
2018$1,383$111,504
2017$1,357$109,318

History based on county public records data.

Payment Calculator

$5,034

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,050

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-511842
4
/10

  • Arthur Hapgood Elementary School

  • 324 S A St

  • 0.99 miles

  • Public Magnet Grades KG-6

Middle School

school-card-donut-511843
3
/10

  • Lompoc Valley Middle School

  • 234 S N St

  • 0.51 miles

  • Public District Grades 7-8

High School

school-card-donut-511844
5
/10

  • Lompoc High School

  • 515 W College Ave

  • 0.36 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,684. Most Lompoc, CA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Santa Barbara County›Lompoc›93436›337 N K St

This home is located at 337 N K St in Lompoc, CA and zip code 93436. This home, which was built in 1960, sits on a 0.16 acre lot. It has been listed on Rocket Homes since May 02, 2024 and is currently priced at $995,000.

In April 2024 more than 7 listings in Lompoc, CA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 2 were sold below. In April 2024 in Lompoc, CA there were 17.5% more homes for sale than in March 2024. The median list price of listings available in April 2024 was $579,000, while the average time on the real estate market was 66 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources