Property Details
About this Property
Coral Apartments in Lompoc is a well maintained 22-unit multifamily apartment complex in Lompoc with upgraded copper plumbing, newer ABS sewer lines, newer gas heaters, upgraded tile bathrooms, and more. The (8) 1-bedroom and (14) studios apartments surround a tastefully landscaped courtyard, and residents enjoy the comfort of security gates and camera system in addition to on-site parking and a common laundry room. The property is operated subject to an affordable covenant that expires in 2034 which restricts the renting of the apartments to “Low” or “Very Low” Income Households. Even with the affordable restrictions, there is strong upside in rents that can yield a Proforma CAP rate of 9.6% giving the savvy investor “value-add” opportunity in the short term with additional upside once the affordable agreement expires.
MLS Listing Information
MLS #
CRPI25159888
MLS Source
California Regional MLS
Interior Features
Flooring
Laminate
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Composition, Shingle
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Off-Street Parking, Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
733 N C St is a Residential Income in Lompoc, CA 93436. This – square foot property sits on a 23,087 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,600,000 and was built in 1960. This address can also be written as 733 N C St, Lompoc, CA 93436.
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This listing information is up-to-date as of October 10, 2025. For the most current information, please contact Steven Battaglia, (805) 688-5333
