321 N K Street, LOMPOC, CA 93436, LOMPOC, 93436 - bed, bath
321 N K Street
LOMPOC, CA 93436
Property Price
SUMMARY
Analysis of 321 N K Street, LOMPOC, CA 93436 is currently available with a list price of $1,200,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the LOMPOC Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property underwent a comprehensive top-to-bottom renovation in 2024 and 2025, including new plumbing, electrical systems, a new roof, modern flooring, and new appliances. All major components meet current quality standards with no deferred maintenance, qualifying it for the highest condition rating.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive 2024/2025 Renovation
The property has undergone a complete top-to-bottom remodel including new plumbing, electrical, roof, and appliances, significantly reducing future capital expenditure and maintenance for the investor.
- Optimized Cash Flow Potential
Features individual gas and electric meters to lower owner expenses, plus coin-operated laundry and additional storage facilities to maximize monthly revenue streams.
- Strategic Investment Location
Situated in the heart of Lompoc near major employers like SpaceX and within walking distance to schools and shopping, ensuring high tenant demand and low vacancy rates.
CONSRISKS & DEFICIENCIES
- Limited Unit Diversity
The building consists exclusively of 1-bedroom, 1-bathroom units, which restricts the potential tenant demographic and may lead to higher turnover compared to family-sized units.
- Significant Price Appreciation
The current list price represents a substantial jump from the 2023 sale price, which may require a more aggressive cap rate analysis to justify the investment for some buyers.
About 321 N K Street
Turnkey investment opportunity. This freshly renovated 4 unit building features 4, 1 bedroom 1 bath units set in the heart of Lompoc. Close to SpaceX, shopping, local hospital, restaurants easy access for commuting, and Ocean ave is a walk away. The property has been completely remodeled 2024 all plumbing, electrical, roof, new appliances, fixtures, and flooring. Grounds are hardscaped with ease of maintenance in mind, and private entryways for each unit. On site laundry room features coin operated laundry to add cashflow on investment. Commuting is a breeze with easy access to highway 1. Additional storage facility attached and on-site parking for all tenants. Contact JORDAN DEVILLE 6148060453. Long term tenants cash flowing fully remodeled including new roof Jan 2025. 1 Unit unoccupied, lot size: 6970 sq feet Close to La Canada and Clarence Ruth Elementary, Lompoc Valley Middle School, and Lompoc High School. Rental Units have individual gas and electric meters.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1958
- Lot Size
- -
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,136 | 6,695 | 50% |
| Lot Size | - | 11,543 | 50% |
| Price | $1.20M | $1.90M | 50% |
| Price per sq ft | $562 | $396 | 50% |
| Built year | 1958 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 126 | 50% |
Pricing History
Listed for Sale
Feb 13, 2026
$1,200,000
Initial Listing
Sold
Aug 31, 2023
$640,000
Public Record