Introducing a premier investment opportunity: a fully renovated 4-unit multifamily property in Lompoc, CA, offered at $995,000. Featuring a robust 6.6% CAP rate with a pro forma CAP rate of 8%, this property combines significant income potential with growth prospects. Key Highlights: Location: 337 North K St. Lompoc, CA 93436 Renovated: 2023, with modern finishes across 2,496 SF of living space. Income: Current monthly rental income of $7,950, set to increase to $8,521 by June 2024. Efficiency: Tenants cover utilities, optimizing operational costs. Market: Situated in a thriving city with a growing economy, bolstered by notable industries and development initiatives. This turnkey property offers an attractive blend of immediate income and future growth potential in an expanding market, making it an ideal choice for investors seeking a valuable addition to their portfolio. #LompocRealEstate #LompocProperties #LompocHomes #LompocHousing #CentralCoastRealEstate #SantaBarbaraCountyRe...