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1275 N V St - $1M Major Price Reduction, Note Carry Option 3.08 Acres of Residential Land Offered at $1,395,920 CAD in Lompoc, CA 93436
INVESTMENT HIGHLIGHTS
- Quality Affordable Living
- Abundant Recreational Amenities
- Close to Vandenberg Air Force Base, Schools, Shopping, Wineries, Restaurants
- Attractive Architectural Building Styles
- Adjacent to Open Space Nature Reserve
EXECUTIVE SUMMARY
• Development Plan Approved – Expires November 10, 2023.
• Tentative Map - Expired December 2022.
• Buyer will need to amend the development plan from 40 attached to attached housing apartment units, which will require a 10% affordable housing requirement.
School District
Lompoc Unified School District
• Clarence Ruth Elementary School (TK-6)
• Lompoc Valley Middle School (7-8)
• Lompoc High School (9-12)
Tax Rate
The annual tax rate is to be determined.
• Tentative Map - Expired December 2022.
• Buyer will need to amend the development plan from 40 attached to attached housing apartment units, which will require a 10% affordable housing requirement.
School District
Lompoc Unified School District
• Clarence Ruth Elementary School (TK-6)
• Lompoc Valley Middle School (7-8)
• Lompoc High School (9-12)
Tax Rate
The annual tax rate is to be determined.
PROPERTY FACTS
| Price | $1,395,920 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | REO Sale | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 3.08 AC |
| Zoning | R2PD - Medium Density Residential Planned Development | ||
| Price | $1,395,920 CAD |
| Sale Type | Investment |
| Sale Condition | REO Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 3.08 AC |
| Zoning | R2PD - Medium Density Residential Planned Development |
1 LOT AVAILABLE
Lot
| Price | $1,395,920 CAD | Lot Size | 3.08 AC |
| Price Per AC | $453,220.79 CAD |
| Price | $1,395,920 CAD |
| Price Per AC | $453,220.79 CAD |
| Lot Size | 3.08 AC |
The subject site is currently in an unimproved condition and will be delivered “as is, where is”. Buyer shall be responsible for making all necessary improvements. Property Price: One Million ($1,000,000). Possible carryback purchase money note.
DESCRIPTION
Coastal Meadows is an approximately 3 acre project located within the city limits of Lompoc, County of Santa Barbara, State of California. The subject site has the potential for 40 apartment units composed of 10 triplex buildings and 5 duplex buildings.
1 1
PROPERTY TAXES
| Parcel Number | 093-070-036 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,860,783 CAD | Total Assessment | $2,860,783 CAD |
PROPERTY TAXES
Parcel Number
093-070-036
Land Assessment
$2,860,783 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,860,783 CAD
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1275 N V St - $1M Major Price Reduction, Note Carry Option
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