4314 W Ocean Avenue, Lompoc, CA 93436, Lompoc, 93436 - 4 bed, 3 bath
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Lompoc, CA 93436
Analysis of 4314 W Ocean Avenue, Lompoc, CA 93436 is currently available with a list price of $2,900,000. 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.
The property is a legacy ranch featuring a main residence and multiple rental units that appear functional and well-maintained but are aesthetically dated. While the infrastructure like the barn roof and water systems have been updated, the interior finishes in the kitchen and bathrooms, along with the flooring and fixtures, reflect the property's age and lack recent modern renovations. It is move-in ready but requires cosmetic updates to meet current 'good' or 'excellent' standards.
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.
The property includes four additional rental homes generating $6,800 in monthly income, providing immediate cash flow or a ready-made multi-generational family compound.
Zoned AG-II and qualifying under the new Ag Enterprise Ordinance, the ranch offers rare opportunities for hospitality uses such as farmstays, campgrounds, and food service.
With 123 acres and multiple aging structures, including a historic redwood barn and four rental units, the property requires substantial ongoing maintenance and management effort.
The scale of the infrastructure and the specific requirements of the Ag Enterprise Ordinance may present a steep learning curve for buyers unfamiliar with large-scale ranch operations.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 64% |
| Baths | 3.0 | 2.0 | 62% |
| Square foot | 2,350 | 1,718 | 81% |
| Lot Size | 5,369,641 | 6,970 | 97% |
| Price | $2.90M | $650.0K | 97% |
| Price per sq ft | $1.2K | $391 | 99% |
| Built year | 0 | 1963 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 373 | 198 | 88% |
Mar 11, 2026
$2,900,000
$3,200,000
-9% Price Drop
Initial Listing
Apr 14, 2025
$3,200,000
Initial Listing