The Mogharebi Group (TMG) has arranged the $23.225 million sale of Fiesta Apartments, a 102-unit multifamily community in the prime Central Coast location of Lompoc, CA on behalf of the Seller.

102-Unit, $23.225 Million Sale in Lompoc, CA

Tuesday, March 22, 2022

LOMPOC, CALIF. (March 22, 2022) — The Mogharebi Group (TMG) representing the seller, has arranged the $23.225 million sale of Fiesta Apartments, a 102-unit community in a prime Central Coast location of Lompoc, CA. The buyer of the property is a private investment group from Arcadia, CA. 

Built in 1976, Fiesta Apartments is a two story, 102-unit apartment community that is located on the Central Coast of California of northern Santa Barbara County. The property comprises 12 residential buildings totaling 71,915 rentable square feet. The complex is situated on a 4.71-acre site, for a comfortable density of 21.7 units per acre. The property is in a prime location near three large shopping centers filled with essential and retail shops, and a variety of popular restaurants with quick access to Pacific Highway 1 and 246 freeway.