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Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 26-491
Year Built 1960
Source Santa Barbara Multiple Listing Service
Property Description
516-520 N U Street presents a prime value‑add multifamily opportunity in the
City of Lompoc. The property consists of ten 1‑bed/1‑bath units with current rents notably below market, offering substantial upside through strategic renovations and rent repositioning. Situated on a 13,938 SF lot, the asset
benefits from steady local rental demand and proximity to key employers, services, and community amenities. With clear pathways to enhance income and long‑term value, this offering is well‑suited for investors seeking growth
potential in a supply‑constrained Central Coast market.
City of Lompoc. The property consists of ten 1‑bed/1‑bath units with current rents notably below market, offering substantial upside through strategic renovations and rent repositioning. Situated on a 13,938 SF lot, the asset
benefits from steady local rental demand and proximity to key employers, services, and community amenities. With clear pathways to enhance income and long‑term value, this offering is well‑suited for investors seeking growth
potential in a supply‑constrained Central Coast market.
Location
State CA
County Santa Barbara
Others
Tax ID 089-152-014
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Colliers International Greater Los Angeles, Inc.
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