$215,000
$285,000
24.6%For more information regarding the value of a property, please contact us for a free consultation.
117 S I ST Lompoc, CA 93436
17,424 SqFt
Key Details
Sold Price $215,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 17,424 sqft
Price per Sqft $12
MLS Listing ID SC21240880
Sold Date 02/08/22
HOA Y/N No
Lot Size 0.400 Acres
Acres 0.4
Property Description
This is a rare chance to own 2 empty lots within Lompoc’s Old Town Commercial Zone. Both lots are being sold together and are located smack dab in the center of the beautiful downtown community. We believe the highest and best use for these lots is to be used as Multifamily with some affordable housing. There are many factors that would benefit the owner of these lots for this use type. There is a maximum density of 17 residential units and with the inclusion of affordable housing there are density bonuses of up to a 35% increase or 23 units total. Additionally, off-street parking requirements are excluded if the development is permitted by December 2022.
Location
State CA
County Santa Barbara
Area Lomp - Lompoc
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Utilities Available None
Building
Water Public
Others
Tax ID 091103021
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Steven Sarahang • Flat Fee Inc.