Lompoc, CA 93436,117 S I ST
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Lompoc, CA 93436,117 S I ST
Lompoc, CA 93436,117 S I ST
Lompoc, CA 93436,117 S I ST

$215,000

Est. payment /mo

$285,000

24.6%
Est.Price: ?

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117 S I ST Lompoc, CA 93436

0.4 Acres Lot

SOLD DATE : 02/08/2022

Key Details

Sold Price $215,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SC21240880

Sold Date 02/08/22

HOA Y/N No

Lot Size 0.400 Acres

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

Interior

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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California Regional MLS (CRMLS)
Listed by Kyle Jones • Archer Wilkinson, Inc.
Bought with Steven Sarahang • Flat Fee Inc.

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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