1121 E Lemon, Lompoc, CA 93436, Lompoc, 93436 - 5 bed, 3 bath
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1121 E Lemon
Lompoc, CA 93436
ACTIVE
CONDITION: GOOD
5Beds
3Baths
1,959Sq Ft
5,663Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$641,668
6% BelowMARKET VALUE
SUMMARY
This Multi-Generational Residential Asset is a Strong Value Opportunity, listed at $599,000—positioned well below the $641,669 Fair Market Value by 6%. This valuation gap offers $42,669 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes significant capital upgrades like a 2019 roof and 2024 windows. Its flexible layout, including a private upstairs unit, makes it an ideal choice for Buy-and-Hold Investors or Owner-Occupants seeking versatile living arrangements or supplemental rental income.
Estimated Market Value
$641,668+$42,668 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lompoc.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1121 E Lemon Subject | $599,000* List Price | 5 | 3 | 1,959 | $328 | - |
A 1017 N 7th Street Sold | $600,000 | 3 | 2 | 1,558 | $385 | 0.2 mi |
B 1016 E Lemon Sold | $565,000 | 3 | 2 | 1,697 | $333 | 0.1 mi |
C 600 N Larkspur Street Sold | $590,000 | 4 | 3 | 1,673 | $353 | 0.6 mi |
D 400 N G Street Pending | $690,000 List Price | 3 | 2 | 2,546 | $271 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is well-maintained and move-in ready with significant recent capital improvements including a 2019 roof, 2024 windows, and an upgraded 200-amp electrical panel. While the kitchen and bathrooms are functional, they feature dated cabinetry and finishes likely in the 10-20 year age range, preventing an 'Excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Generational Layout
The property features a highly versatile floor plan with a private upstairs living area, separate entrance, and its own kitchen, making it ideal for extended family or potential rental income.
- Significant Capital Upgrades
Recent high-value improvements include a 50-year roof installed in 2019, new windows in 2024, and an upgraded 200-amp electrical service, reducing immediate maintenance concerns for the buyer.
- Enhanced Utility and Storage
The inclusion of two custom sheds—one featuring a loft—along with private rear alley access provides functional storage and secondary entry options rarely found in standard residential lots.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Limited Outdoor Space
With a 1,950 square foot home and multiple outbuildings on a 5,663 square foot lot, the remaining yard space may feel cramped for a household requiring five bedrooms.
- Incomplete Interior Modernization
While major systems are updated, the property is noted as needing personal finishing touches, suggesting that some interior aesthetics or fixtures may still reflect its 1959 origins.
About 1121 E Lemon
NEW TO MARKET | 5-BEDROOM HOME WITH FLEXIBLE MULTI-GENERATIONAL LAYOUT Flexible 5-Bedroom Home with Private Upstairs Living Area, Separate Entrance & Versatile Outbuildings! Welcome to 1121 E. Lemon Avenue, a unique and versatile property offering approximately 1,950 square feet of living space designed to accommodate a variety of living arrangements. The main level features 4 bedrooms and 2 bathrooms, while the upper level offers its own private entrance, generous bedroom, living area, kitchen, and access to shared laundry. Whether you're looking for space for extended family, multi-generational living, long-term guests, a private home office, or added flexibility, this layout offers options rarely found in today's market. Recent improvements provide peace of mind and added value, including a 50-year roof installed in 2019, new windows in 2024, fresh interior and exterior paint, updated flooring, various plumbing upgrades, and an upgraded 200-amp electrical service panel. Move-in ready and well-maintained, the home also offers opportunities for a new owner to add their own personal style and finishing touches. Adding even more versatility are two custom sheds, including one with a loft. Conveniently located near schools, parks, shopping, and everyday amenities, this property also benefits from a private rear alleyway, providing convenient secondary access and added functionality. Combining flexibility, comfort, and a highly practical layout, 1121 E. Lemon Avenue is an exceptional opportunity. If you've been searching for a home that offers extra space and adaptable living options, this one deserves a closer look.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,959 | 1,651.824 |
| Lot Size | 5,663 | 7,302.706 |
| Price | $599.0K | $680.4K |
| Price per sq ft | $306 | $428 |
| Built year | 1959 | 1976 |
| HOA | $0 | $129 |
| Days on market | 72 | 60 |
Pricing History
Listed for Sale
Jun 29, 2026
$599,000
Initial Listing
Sold
Feb 23, 2009
$235,000
Public Record
Sold
May 19, 2006
$485,000
Public Record
Sold
Feb 26, 2004
$340,000
Public Record