Rare investment opportunity to acquire a 2004 built big 9-unit apartment complex located in the city of Lompoc in northern Santa Barbara CO. 5.35% CAP Rate on actual rents. Features (8) spacious townhouse style 3 bed, 1.5 bath units and a detached 6 bed, 2.5 bath house. Each unit has a private patio, attached 2-car garage containing laundry hookups, individual water heaters and forced air heating. Separate electric, gas meters. Convenient location within blocks of shopping, Lompoc H.S. and buslines. Tentative plat map in place allowing for condo conversion in place through end of 2016.