Copper Kettle Apartments

Property feature image
Created date: September 5, 2023
Date last updated: September 11, 2023

Property Description

First time on the market in over 40 years! The Copper Kettle Apartments is a gated, garden style apartment complex in Lompoc featuring 18 units within (3) 2-story buildings surrounding a courtyard with a pool. Located on 3 parcels, the property has an attractive unit mix of (10) 2Bed/1Bath and (8) 1Bed/1Bath apartment homes. It also features an onsite, common laundry room and 18 covered, off-street parking spaces in the rear. Lots of upside opportunity for investors.

Key Property Information

Listing Status: Under Contract
Listing Type: Call for offers
Multifamily type: Garden Style
Price: $2,800,000
No. of Units: 18
Cap Rate: 3.43%
GRM /GIM: 12.31
Average Occupancy: 100
Year Built: 1962
Building Size: 14,282 Sq ft
Lot Size: 0.48 Acres
No. of Stories: 2
APN: 087-092-015, 087-092-016, 087-092-017
Zoning Code: R3
Opportunity Zone: No
Price per unit: $155,556
Property Website Click Here

Unit mix

Description No. of Units Sq ft. Avg. Monthly Rent
2Bed/1Bath 10 810 1500
1Bed/1Bath 8 700 1150


Income/expense info: Actual
Gross income: 227490
Operating expenses: 124630
Net operating income: 96035

Similar Properties in the Area

811 S Wilton Pl

Los Angeles , California
California & West + Apartments
Units: 10
Price: $1,900,000

3791 Marlborough Avenue

San Diego , California
California & West + Apartments
Units: 5
Price: $1,375,000

Crestline Drive Apartments

Lemon Grove , California
California & West + Apartments
Units: 16
Price: $2,800,000
New call-to-action


View All


View All


View All
popup background image