406 S I Street, Lompoc, CA 93436, Lompoc, 93436 - 2 bed, 1 bath
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Lompoc, CA 93436
Analysis of 406 S I Street, Lompoc, CA 93436 is currently available with a list price of $370,000. 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.
Property is moderate renovation needed.
Built in 1941, this cottage is aged but appears to have been maintained through regular upkeep. The interior features original hardwood floors that show wear and require refinishing, and the kitchen is significantly outdated with older appliances, vintage cabinetry, and tiled countertops. While the property benefits from upgraded windows and a clean appearance, the overall style, fixtures, and systems are dated and require modernization to meet current standards.
Zoned R-2 on a generous 6,970 square foot lot with alley access, this property offers significant opportunity for expansion, ADUs, or additional units.
Situated in a highly desirable neighborhood, the home is within walking distance to historic architecture, local cafes, murals, and the scenic Miguelito Park.
The cottage features original solid wood floors and upgraded windows, providing a blend of classic character and improved energy efficiency.
With only 756 square feet of interior space, the home's compact footprint may be a limitation for families or those requiring more room.
Built in 1941, the property may require modernization of older mechanical, electrical, or plumbing systems to meet contemporary standards.
Welcome to 406 S. I Street, a property with exciting opportunity to create your dream in one of Lompoc’s most desirable neighborhoods. This delightful 2-bedroom, 1-bath cottage sits on a generous 6,970 square foot lot studded with mature trees. The wonderful Old Town area features cafe's, restaurants, murals, and unique historic architecture around every corner. A short trip away is the famous Miguelito Park, offering scenic views of nature, picnic areas, and recreation opportunities. The property offers exceptional versatility with a fully fenced backyard, convenient alley access, and a detached one-car garage, ideal for parking, storage, or potential future improvements. Inside you will find original solid wood floors, upgraded windows, and a convenient single level floor plan. Beyond the fenced yard, additional level land extends to the alley, offering extra yard space and exciting possibilities for expansion. Zoned R-2 (Medium Density), the property supports development potential, including the possibility of additional units and/or Accessory Dwelling Units (ADU). Verify development opportunities with the City of Lompoc. ***The adjacent property at 400 S. I Street is also offered for sale***
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 1% |
| Baths | 1.0 | 2.0 | 1% |
| Square foot | 756 | 1,699 | 3% |
| Lot Size | 6,970 | 6,970 | 50% |
| Price | $370.0K | $650.0K | 6% |
| Price per sq ft | $489 | $391 | 91% |
| Built year | 1941 | 1963 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 194 | 1% |
Apr 9, 2026
$370,000
Initial Listing