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14-Unit Multi-Family
Investment Offering
Subject Property Address
VIP Apartments
536 N. U Street
Lompoc, CA 93436
Location Highlights
Offering Summary
Great rental pocket in the Lompoc area.
Price: $1,295,000
Located near shopping, transportation,
Down Payment: 100%
walking distance to public schools and Units: 14
employment opportunities. Price Per Unit: $92,500
Rentable SF: 8,700
Investment Highlights Price Per SF: $149
Year Built: (R) 2007
No rent control! Lot Size: 13,969
ACTUAL Cap Rate: 7.86%
Great curb appeal showing pride of
ACTUAL GRM: 10.28
ownership!
ACTUAL Cash Flow w/o Debt Service: $101,757
Great opportunity for an income property
Rental Income PSF: $14.48
investment with low maintenance/upkeep
Average Rent Per Unit: $750
Recently Renovated!
2-story building with stairway access
1031 Tax Exchange Opportunity!
Exclusively Represented By...Francis X. Lennarz, Investment Advisor, & Donna Bingham, RE/MAX Commercial
Cellular: 1.661.406.4682