1001-1021 E Cypress Ave
Lompoc, CA 93436
- 3 Beds
- 60 Baths
- 52,608 sqft (on 1.90 acres)
3 Beds
60 Baths
52,608 sqft
(on 1.90 acres)
Local Information
-- mins to
Description
Unique opportunity to acquire 60 units in two contiguous multifamily properties located at 1001 E Cypress Avenue ('Bahia La Paz') and 1021 E Cypress Avenue ('Kimi East') situated on the Central Coast in the City of Lompoc. Both buildings are garden-style courtyard communities that provide an excellent unit mix of 40 x 2BD/1BA units and 20 x 1BD/1BA units, excellent onsite parking, onsite laundry facilities, functional unit layouts, and an ideal location in the Lompoc Valley.Bahia La Paz is 24-unit Mission-style, red tiled roof building constructed in 1984 consisting of sixteen 2BD/1BA townhome units (with fireplaces) and 8 X 1BD/1BA flats. Tenants enjoy either private patios or balconies, a common courtyard with two community BBQs, an onsite laundry facility, and on-site parking consisting of 26 carport spaces and 17 uncovered spaces. All tenants are on a month-to-month lease with current rents that are approximately 25% below market.Kimi East Apartments is a 36-unit Mid-Century building constructed in 1963 and comprised of 24 X 2BD/1BA units and 12 X 1BD/1BA (all flatunits). Tenants enjoy a common courtyard with three community BBQs, two on-site laundry rooms and 36 carport spaces with tenant storage closets. All tenants are on a month-to-month lease with current rents that are approximately 35% below market. Ownership has recently replaced all railings at the property to meet today's code.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from September 30, 2024
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 1001-1021 E Cypress Ave
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Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 60 |
Dimensions and Layout Living Area: 52608 Square Feet |
Heating & Cooling Heating: Natural GasNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Natural Gas |
Gas & Electric Electric: Separate MetersGas: Separate Meters |
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Exterior Home Features Roof: Clay ShingleFoundation: None |
Parking & Garage No GarageParking: Covered,51 - 100 |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 39 |
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Year Built Year Built: 1984 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Property Information Parcel Number: 085150093 |
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Price List Price: $10,445,000 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: Closed |
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Direction & Address City: Lompoc |
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Building Area Building Area: 52608 Square Feet |
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Lot Area: 1.9 Acres |
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Special Conditions: Standard |
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Listing Terms: Cash |
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Mls Number: 24000664Living Area Range: 1 Bedroom Units: 600-609, 2 Bedroom Units: 845-960Living Area Range Units: Square Feet |
Last check for updates: about 11 hours ago
Listed by Christos Celmayster, (805) 563-2111
Hayes Commercial Group, Inc.
Bought with: Christos Celmayster, (805) 563-2111, Hayes Commercial Group, Inc.
Source: North Santa Barbara County MLS, MLS#24000664

Price History for 1001-1021 E Cypress Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 07/12/2024 | $10,050,000 | Sold | North Santa Barbara County MLS #24000664 |
| 05/28/2024 | $10,445,000 | Pending | North Santa Barbara County MLS #24000664 |
| 04/15/2024 | $10,445,000 | Listed For Sale | SBMLS #24-1159 |
Market trends in Lompoc
Last updated May 2026
Avg. sale price
$596K
$15.25KMoM
Sale-to-List Price
100.0%
Price per sq ft
$392
$1MoM
Available listings
83
6MoM
Comparable Sales for 1001-1021 E Cypress Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.58 | Multi-Family Home | $573,975 | 03/16/26 | 4 | 2 | 1,574 | |
0.91 | Multi-Family Home | $2,600,000 | 10/10/25 | 1 | 22 | 11,254 | |
0.61 | Multi-Family Home | $669,000 | 12/05/25 | 4 | 3 | 1,668 | |
0.78 | Multi-Family Home | $580,000 | 11/07/25 | 4 | 3 | - | |
0.89 | Multi-Family Home | $685,000 | 05/08/26 | 5 | 3 | 1,980 | |
1.00 | Multi-Family Home | $1,000,000 | 05/07/26 | 7 | 4 | 2,496 | |
0.74 | Multi-Family Home | $635,000 | 03/24/26 | 3 | 9 | 1,536 | |
0.70 | Multi-Family Home | $665,000 | 02/24/26 | 4 | 2 | 1,536 | |
0.87 | Multi-Family Home | $645,000 | 02/06/26 | 4 | 3 | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1001-1021 E Cypress Ave.
What Locals Say about Lompoc
At least 284 Trulia users voted on each feature.
91 % Say there are sidewalks
86 % Say it's dog friendly
79 % Say parking is easy
78 % Say car is needed
76 % Say there's holiday spirit
70 % Say yards are well-kept
70 % Say kids play outside
68 % Say it's walkable to grocery stores
66 % Say streets are well-lit
61 % Say it's quiet
57 % Say it's walkable to restaurants
56 % Say neighbors are friendly
55 % Say people would walk alone at night
55 % Say they plan to stay for at least 5 years
49 % Say there's wildlife
33 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Apartments for Rent
Homes for sale near 1001-1021 E Cypress Ave
Off Market Homes Near 1001-1021 E Cypress Ave

The data relating to real estate for sale on this website comes in part from the IDX program of the North Santa Barbara County Multiple Listing Service and its affiliated associations. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the IDX icon and detailed information about them include the name of the listing broker and listing agent. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. Buyers are advised to confirm all data provided
Listings displayed are the property of the member Associations of the North Santa Barbara County MLS, and are protected under one or more of the following copyright registrations: Lompoc Valley Association of REALTORS®, Inc. Copyright 2026, Santa Maria Association of REALTORS®, Inc. Copyright 2026; Santa Ynez Valley Association of REALTORS®, Inc. Copyright 2026. All rights reserved.
Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. Buyers are advised to confirm all data provided
Listings displayed are the property of the member Associations of the North Santa Barbara County MLS, and are protected under one or more of the following copyright registrations: Lompoc Valley Association of REALTORS®, Inc. Copyright 2026, Santa Maria Association of REALTORS®, Inc. Copyright 2026; Santa Ynez Valley Association of REALTORS®, Inc. Copyright 2026. All rights reserved.
1001-1021 E Cypress Ave, Lompoc, CA 93436 is a 3 bedroom, 2 bathroom, 52,608 sqft multi-family built in 1984. This property is not currently available for sale. 1001-1021 E Cypress Ave was last sold on Jul 12, 2024 for $10,050,000 (4% lower than the asking price of $10,445,000). The current Trulia Estimate for 1001-1021 E Cypress Ave is $8,639,600.

