400 E Cherry Avenue, Lompoc, CA 93436, Lompoc, 93436 - 5 bed, 3 bath
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Lompoc, CA 93436
Analysis of 400 E Cherry Avenue, Lompoc, CA 93436 reveals a property with a current list price of $750,000, which is 6% above the estimated $700,696 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 400 E Cherry Avenue Subject | $750,000* List Price | 5 | 3 | 1,580 | $443 | - |
A 321 N 6th Sold | $570,000 | 3 | 2 | 1,242 | $459 | 0.9 mi |
B 1020 W Cherry Avenue Sold | $615,000 | 4 | 2 | 1,748 | $352 | 0.9 mi |
C 408 Channing Lane Sold | $665,000 | 4 | 2 | 1,542 | $431 | 0.7 mi |
D 616 N D Street Sold | $555,000 | 3 | 2 | 0 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, the main residence features dated kitchen and bathrooms, including painted white cabinets, laminate countertops, older appliances (except the refrigerator), and dated tile flooring and light fixtures. The built-in wooden closets are also very dated. While the main residence has some newer cosmetic updates like laminate flooring and fresh paint, its core areas show signs of being updated 15-30 years ago or are original. In contrast, the fully permitted ADU is extensively renovated with modern finishes, including new cabinets, butcher block countertops, subway tile backsplash, and a modern bathroom. The overall condition is a mix, but the significant datedness of the main residence's key areas brings the property's overall condition to 'Fair', indicating a need for minor updates or renovations in the main house to meet current quality standards.
The property features a fully permitted 2-bedroom, 1-bath Accessory Dwelling Unit (ADU), providing significant value for rental income, multi-generational living, or private use.
With the dedicated ADU, the property offers excellent potential for generating rental income, making it an attractive option for investors.
The combined main residence and ADU provide versatile living arrangements suitable for large families, multi-generational households, or owner-occupants seeking supplemental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1580, other record living area = 1143. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Built in 1962, the property is over 60 years old, which may imply a need for updates to major systems (plumbing, electrical, HVAC) or cosmetic renovations in the main residence.
While the ADU is highlighted, the description lacks specific details regarding the condition or recent updates of the main 3-bedroom, 2-bathroom house, potentially indicating areas requiring investment.
Excellent opportunity for investors seeking rental income or for families needing additional space. The property includes a total of 5 bedrooms and 3 full bathrooms, featuring a fully permitted 2-bedroom, 1-bath ADU--perfect for generating rental income, housing in-laws, or private use. The main residence offers 3 bedrooms, 2 full bathrooms, a laundry room, and a spacious living room. Outside, there is plenty of room for entertaining, gardening, or relaxing. The backyard is fully fenced and includes RV parking. With flexible living options and strong upside potential, this property is a smart choice for both investors and owner-occupants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 93% |
| Baths | 3.0 | 2.0 | 62% |
| Square foot | 1,580 | 1,699 | 41% |
| Lot Size | 6,098 | 6,970 | 30% |
| Price | $750.0K | $650.0K | 74% |
| Price per sq ft | $475 | $391 | 90% |
| Built year | 1962 | 1963 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 222 | 198 | 67% |
Sep 12, 2025
$750,000
Initial Listing
Jul 10, 2018
$310,000
Public Record
Jun 19, 2009
$165,000
Public Record
Aug 31, 2005
$380,000
Public Record
May 10, 1994
$118,000
Public Record