$2,895,000

Excellent opportunity to acquire a 12-unit apartment property located in Lompoc, California. The property consists of two six-unit apartment buildings, each featuring six spacious two-bedroom, one-bathroom units, priced at a 5.70% Cap Rate offering a mixture of at-market and below-market rents. The property has benefited from significant capital improvements in recent years, including renovations to seven of the twelve units within the past four years, plumbing upgrades, new roofs on both buildings in 2024, and the installation of a new sewer lateral serving 221 North N Street in October of 2026. These improvements provide a solid foundation for continued operations while reducing exposure to certain near-term capital expenditures. See ''more'' With a desirable mix of all two-bedroom units, substantial recent improvements, upside in the rents and the option to further enhance the remaining five residences, 221-225 North N Street presents an appealing opportunity for an investor seeking a multifamily asset in stable rental market.