1042 Pellham, Lompoc, CA 93436, Lompoc, 93436 - 3 bed, 3 bath
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Lompoc, CA 93436
This Value-Add Residential Asset is listed at $765,000, situated in the prestigious Mesa Oaks neighborhood. While the Fair Market Value is $590,062, the property’s expansive 13,068 sq ft lot and scenic natural views provide a strong foundation for forced appreciation. Currently holding a Condition Rating of 5, the 2,298-square-foot interior requires a comprehensive rehab to modernize its original 1984 finishes. Proximity to Cabrillo High School and Los Berros Elementary supports long-term asset stability. This project is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capture value in a high-demand Lompoc submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1042 Pellham Subject | $755,000* List Price | 3 | 3 | 2,298 | $329 | - |
A 3155 Manley Pending | $849,000 List Price | 3 | 2 | 2,079 | $408 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1984 and appearing in mostly original condition, this property exceeds the 30-year threshold without significant renovations. The kitchen and bathrooms feature dated oak cabinetry, tile countertops, and 1980s-era appliances. The presence of original wallpaper, green carpeting, and parquet flooring throughout indicates the home needs a comprehensive rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13068, living area = 2298.
Situated in the highly sought-after Mesa Oaks neighborhood, this property offers a prestigious address and a strong sense of community in one of Lompoc's most desirable areas.
With nearly 2,300 square feet of living space on a single level, the home features a well-designed floor plan that balances large communal areas with private retreats.
The assigned elementary school has a rating of 4, which may be a consideration for families seeking higher-rated educational institutions within the district.
Built in 1984 and marketed as an entry-point value, the home may require cosmetic updates or system upgrades to meet the aesthetic standards of contemporary buyers.
Live in Mesa Oaks! 3 Bedroom | 2.5 Bath | 2,298 Sq Ft A fantastic opportunity to get into the highly sought-after Mesa Oaks neighborhood. This home will be priced to sell and offers an ideal entry point for buyers looking to secure value in one of the best Lompoc neighborhoods. With 2,298 square feet, this single level home features a well-designed floor plan that offers large living spaces and the ability to enjoy private time when needed. All this with beautiful views of natural areas in front and back. If you’ve been waiting for the right home at the right price, 1042 Pellham is one you won’t want to miss.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 7-12 • 1.5 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,298 | - |
| Lot Size | 13,068 | - |
| Price | $755.0K | $689.8K |
| Price per sq ft | $329 | $382 |
| Built year | 1984 | 0 |
| HOA | $0 | $0 |
| Days on market | 144 | 55 |
May 6, 2026
$755,000
$765,000
-1% Price Drop
Initial Listing
Mar 1, 2026
$765,000
Initial Listing
May 25, 1994
$225,000
Public Record