8 Unit Apartment Asset | 310 S H St
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8 Unit Apartment Asset 310 S H St
8 Unit Block of Flats £1,833,560 (£229,195/Unit) Lompoc, CA 93436
Investment Highlights
- Tankless water heaters installed.
- New LVP flooring installed throughout.
- New tile, vanity, toilet & fixtures.
- Re-textured & re-painted interiors.
- New kitchen cabinets w/ soft close hinges, new sinks & quartz countertops.
- New wall heaters & thermostat controls.
Executive Summary
310 South H St (Parkway Pines) is located in a prime area of Lompoc, just south of Ocean Avenue on the central street of South H, and 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 and stoves, new plex and water lines, modern wall heaters with thermostat controls, and tankless water heaters for maximum efficiency.
The property includes a desirable unit mix of (6) 1BD/1BA units and (2) 2BD/1BA units, with off-street parking for eight vehicles. With a strong current CAP rate, 310 South H Street is the definition of a low-maintenance, high-yield investment in a sought-after area, providing stable returns and long-term growth opportunities.
The property includes a desirable unit mix of (6) 1BD/1BA units and (2) 2BD/1BA units, with off-street parking for eight vehicles. With a strong current CAP rate, 310 South H Street is the definition of a low-maintenance, high-yield investment in a sought-after area, providing stable returns and long-term growth opportunities.
Property Facts
| Price | £1,833,560 | Apartment Style | Garden |
| Price Per Unit | £229,195 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| No. Units | 8 | Building Size | 6,040 SF |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1958 |
| Price | £1,833,560 |
| Price Per Unit | £229,195 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,040 SF |
| Number of Floors | 2 |
| Year Built | 1958 |
Unit Amenities
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 900 |
| 2+1 | 2 | - | - |
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Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 085-232-015 | Improvements Assessment | £802,036 |
| Land Assessment | £99,529 | Total Assessment | £901,565 |
PROPERTY TAXES
Parcel Number
085-232-015
Land Assessment
£99,529
Improvements Assessment
£802,036
Total Assessment
£901,565
zoning
| Zoning Code | R-2 |
| R-2 |
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8 Unit Apartment Asset | 310 S H St
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