Exclusively Represented By...Francis X.

Lennarz, Investment Advisor, and Donna Bingham

RE/MAX of Valencia - Commercial Division - 1.661.406.4682

14-Unit Multi-Family
Investment Offering
Subject Property Address

VIP Apartments
536 N. U Street
Lompoc, CA 93436

Location Highlights
Offering Summary
Great rental pocket in the Lompoc area.
Price: $1,295,000
Located near shopping, transportation,
Down Payment: 100%
walking distance to public schools and Units: 14
employment opportunities. Price Per Unit: $92,500
Rentable SF: 8,700
Investment Highlights Price Per SF: $149
Year Built: (R) 2007
No rent control! Lot Size: 13,969
ACTUAL Cap Rate: 7.86%
Great curb appeal showing pride of
ACTUAL GRM: 10.28
ownership!
ACTUAL Cash Flow w/o Debt Service: $101,757
Great opportunity for an income property
Rental Income PSF: $14.48
investment with low maintenance/upkeep
Average Rent Per Unit: $750
Recently Renovated!
2-story building with stairway access
1031 Tax Exchange Opportunity!

RE/MAX of Valencia, 25101 The Old Road, Santa Clarita, CA 91381

Cellular: 1.661.406.4682 Email: info@LennarzCommercial.com
Web: LennarzCommercial.com
 Subject Property Address: 536 N. U Street, Lompoc, CA 93436
Investment Overview Unit Mix
Unit Type # of Units Rent/Unit Monthly Annual
The "VIP Apartments" are a 14-Unit Multi-Family
investment property located in the City of
Lompoc in the County of Santa Barbara. 2 Bed/1 Bath 4 $875 $3,500 $42,000
Situated in a nice rental pocket area minutes 1 Bed/1 Bath 10 $700 $7,000 $84,000
away from local schools, shopping, local Total Units: 14 $10,500 $126,000
employment and surrounding area employment
opportunities, including Vandenberg Air Force Average Rent Per Unit: $750
Base.

The property consists of 4 units that are 2 Operating Data

bedroom, 1 bath, and 10 units that are 1 Income Summary (Annual):
bedroom, 1 bath residences. The property was
recently renovated in 2007. The structure is GSI: $126,000
approximately 8,700 square feet and the lot size Other Income: $4,800
is approximately 13,939 square feet. This POI: $130,800
property has great curb appeal an is in great less V&C 5% $6,300
condition. It has been recently renovated and EGI: $119,700
less Expenses: $17,943
provides an investor with an excellent
NOI: $101,757
opportunity to acquire a stabilized asset for
future investment growth and capital
accumulation.
Expense Summary (Annual):

Total Expenses: $27,181

% of EGI: 22.71%
Expenses Per Unit: $1,942
Expenses Per SF: $3.12

Exclusively Represented By...Francis X. Lennarz, Investment Advisor, & Donna Bingham, RE/MAX Commercial
Cellular: 1.661.406.4682