Coral Apartments in Lompoc is a well maintained 22-unit multifamily apartment complex in Lompoc with upgraded copper plumbing, newer ABS sewer lines, newer gas heaters, upgraded tile bathrooms, & more. 8-1bd apts & 14 studios surround a tastefully landscaped courtyard, with security gates and camera system in addition to on-site parking and a common laundry room. The property is operated subject to an affordable covenant that expires in 2034 which restricts the renting of the apartments to ''Low'' or ''Very Low'' Income Households. Even with the affordable restrictions, there is strong upside in rents that can yield a Proforma CAP rate of 9.6 giving the savvy investor ''value-add'' opportunity in the short term with additional upside once the affordable agreement expires.
No schools were found in the area
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.
Hispanic/Non-Hispanic Population