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4314 W Ocean Avenue, Lompoc, CA 93436, Lompoc, 93436 - 4 bed, 3 bath

4314 W Ocean Avenue, Lompoc, CA 93436 home-pic-0
ACTIVE$3,200,000$2,350/sqft
4314 W Ocean Avenue, Lompoc, CA 93436
4Beds
3Baths
2,350Sqft
5,369,641Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 5369641, living area = 2350.
Top Cons:
High Maintenance & Management Demands: The extensive acreage and numerous structures (main residence, four rental homes, multiple outbuildings) will require significant ongoing maintenance, labor, and complex property management.

Compared to the nearby listings

Price:$3.20M vs avg $615.0K (+$2,585,000)98%
Size:2,350 sqft vs avg 1,636 sqft84%
Price/sqft:$1.4K vs avg $35298%

More Insights

Condition: The main residence, while appearing well-maintained, features significantly outdated interiors, particularly in the kitchen and bathrooms. The kitchen has older wood cabinets, dated white appliances, and fluorescent lighting. Bathrooms exhibit dated tile work, wood vanities, and gold-framed shower enclosures, reminiscent of styles from 30+ years ago. Flooring is a mix of older carpets and vinyl/laminate. While functional, these areas require substantial cosmetic updates to meet current quality and style standards, aligning with a 'fair' condition where the home is aged but maintained, and major components are functional but show signs of being outdated.
Year Built
Close
-
List price
$3.2M
Original List price
-
Price/Sqft
$1,362
HOA
$0
Days on market
-
Sold On
-
MLS number
25589275
Home ConditionFair
Features
Excellent View:
Patio
View-

About this home

Hillside Ranch - 123 acre legacy ranch just minutes from downtown Lompoc and Surf Beach. Zoned AG-II, the property qualifies under Santa Barbara County's new Ag Enterprise Ordinance, enabling future hospitality uses, including farmstays, campgrounds, and food service. The main residence is a spacious 4BD/3BA, 2,358 sqft home with two fireplaces, an office, and a large family room. Four additional rental homes generate 6,800 dollars per month in rental income, creating a unique opportunity for a multi-generational family compound or continued investment use. Infrastructure includes a 5,000 sqft historic redwood barn with new roof, a 2,520 sqft converted dairy building with heavy-duty power, 4,500 sqft equipment shed, studio, stable, pond, family orchard, and cattle facilities. A 70' deep well feeds a 20,000-gallon cistern, supporting three fire hydrants and ample water for ag use. Fenced and cross-fenced, with ocean breezes, expansive views, and a front-row seat to Vandenberg launches, this is a rare Central Coast offering blending rural utility, investment income, and future potential. Seller financing is available for qualified buyers.

K
Kerry Mormann
Listing Agent
Condition Rating
Fair
The main residence, while appearing well-maintained, features significantly outdated interiors, particularly in the kitchen and bathrooms. The kitchen has older wood cabinets, dated white appliances, and fluorescent lighting. Bathrooms exhibit dated tile work, wood vanities, and gold-framed shower enclosures, reminiscent of styles from 30+ years ago. Flooring is a mix of older carpets and vinyl/laminate. While functional, these areas require substantial cosmetic updates to meet current quality and style standards, aligning with a 'fair' condition where the home is aged but maintained, and major components are functional but show signs of being outdated.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 5369641, living area = 2350.
Significant Income Generation: Four additional rental homes provide a substantial $6,800/month in passive income, enhancing the property's investment appeal.
Exceptional Development Potential: AG-II zoning and qualification for Santa Barbara County's Ag Enterprise Ordinance open doors for lucrative hospitality ventures like farmstays, campgrounds, and food service.
Robust Agricultural Infrastructure: Comprehensive facilities including a 5,000 sqft historic barn (new roof), 2,520 sqft dairy building with heavy-duty power, equipment shed, studio, stable, pond, and orchard support diverse operations.
Self-Sufficient Water Supply: A 70' deep well feeding a 20,000-gallon cistern ensures ample water for agricultural use and fire suppression, a critical asset for a large ranch.
Expansive Acreage & Scenic Views: A 123-acre legacy ranch offering vast space, ocean breezes, expansive views, and a unique vantage point for Vandenberg launches.

Cons

High Maintenance & Management Demands: The extensive acreage and numerous structures (main residence, four rental homes, multiple outbuildings) will require significant ongoing maintenance, labor, and complex property management.
Niche Market Appeal: As a specialized legacy ranch with agricultural and potential hospitality uses, the property targets a specific buyer demographic, which could lead to a longer marketing period.
Potential for Capital Expenditures: While well-equipped, the description doesn't detail recent updates for all structures, particularly the main residence and rental homes, suggesting potential future capital investment for modernization or repairs.
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