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733 N C Street, 
Lompoc, CA 93436

$2,760,000

—

Bed

—

Bath

11,254

Sq Ft

Multi-Family

Active

Listed by

Steven Battaglia

Steven Battaglia, Broker

805-688-5333

Last updated:

August 4, 2025, 01:31 PM

MLS#

PI25159888

Source:

CRMLS

About This Home

733 N C Street

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.

Home Facts

Multi-Family

Built in 1960

Price Summary

2,760,000

$245 per Sq. Ft.

MLS #:

PI25159888

Last Updated:

August 4, 2025, 01:31 PM

Added:

14 day(s) ago

Rooms & Interior

Interior

Living Area:

11,254 Sq. Ft.

Structure

Structure

Building Area:

11,254 Sq. Ft.

Year Built:

1960

Lot

Lot Size (Sq. Ft):

23,086

Finances & Disclosures

Finances

Price:

$2,760,000

Price per Sq. Ft:

$245 per Sq. Ft.

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of August 5, 2025 . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.