1105 E Olive Avenue, LOMPOC, CA 93436, LOMPOC, 93436 - 4 bed, 2 bath
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LOMPOC, CA 93436
This Spacious Parkside Residence is a strategic value-add opportunity listed at $699,000—positioned well below the $712,137 Fair Market Value by 1%. This pricing provides $13,137 in Instant Equity. While the home carries a Condition Rating of 4 due to dated 1977 finishes and a weathered exterior deck, the expansive 0.31-acre lot and clear Beattie Park views offer significant development upside. It is perfectly suited for Owner-Occupants looking to build wealth through modernization or Buy-and-Hold Investors seeking a high-utilization asset with ADU potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1105 E Olive Avenue Subject | $699,000* List Price | 4 | 2 | 1,720 | $414 | - |
A 416 S Hawthorne Street Pending | $649,000 List Price | 3 | 3 | 1,580 | $411 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977 (47 years old) with no evidence of recent major renovations. The interior features dated wall-to-wall carpeting, older ceiling fans, and a 1970s-style stone fireplace. The exterior wood deck shows significant weathering and needs maintenance. While functional and move-in ready, the home is dated and requires cosmetic updates and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13504, living area = 1720.
Situated directly across from Beattie Park in an established neighborhood, the property offers immediate access to recreational green space and a desirable community setting.
The generous 0.31-acre parcel provides significant outdoor space for gardening, entertaining, or the potential development of an Accessory Dwelling Unit (ADU).
Built in 1977, the residence may require cosmetic updates and system improvements to meet the aesthetic and efficiency standards of modern buyers.
The listing description suggests original or older finishes, which could necessitate additional capital investment for kitchen and bathroom renovations shortly after purchase.
Spacious single-family home located on a generous lot in an established Lompoc neighborhood across from Beattie Park. This 4-bedroom, 2-bath residence offers approximately 1,720± square feet of living space with a lovely fireplace in the front living space and sits on a large 0.31± acre parcel, providing plenty of room for outdoor enjoyment, gardening, or potential future improvements. The home features comfortable living areas, a sizable kitchen, and ample natural light throughout. The expansive yard offers room for entertaining, play areas, or additional landscaping possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 67% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,720 | 1,719 | 50% |
| Lot Size | 13,504 | 7,187.5 | 80% |
| Price | $699.0K | $657.5K | 63% |
| Price per sq ft | $406 | $394 | 63% |
| Built year | 1977 | 1967 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 208 | 2% |
Apr 21, 2026
$699,000
Initial Listing
Mar 24, 2021
$480,000
Public Record
Jun 14, 2013
$280,000
Public Record