516 N U, LOMPOC, CA 93436, LOMPOC, 93436 - bed, bath
516 N U
LOMPOC, CA 93436
Property Price
SUMMARY
Analysis of 516 N U, LOMPOC, CA 93436 is currently available with a list price of $1,500,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1960, this multifamily property is explicitly marketed as a 'value-add' opportunity with significant deferred maintenance and aging utility systems. While interior photos are not provided, the listing description and exterior images confirm the need for substantial rehabilitation and strategic renovations to address outdated components and reposition the asset for market-rate rents.
PROSSTRENGTHS & OPPORTUNITIES
- Value-Add Opportunity
The property presents a prime opportunity for investors to force appreciation through strategic renovations and modernizing the units.
- Significant Rent Upside
Current rents are notably below market rates, offering a clear pathway to increase gross operating income and enhance long-term asset value.
- Strong Market Demand
Located in a supply-constrained Central Coast market, the asset benefits from steady local rental demand and proximity to key employers.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1960, the building may require significant capital expenditures for deferred maintenance, structural updates, or aging utility systems.
- Limited Unit Mix
The property consists exclusively of 1-bedroom units, which may limit the tenant pool by excluding families or those requiring more living space.
- Renovation Capital Required
Achieving the projected market rents will require an immediate and potentially large upfront investment in unit interiors and exterior improvements.
About 516 N U
516-520 N U Street presents a prime value‑add multifamily opportunity in the City of Lompoc. The property consists of ten 1‑bed/1‑bath units with current rents notably below market, offering substantial upside through strategic renovations and rent repositioning. Situated on a 13,938 SF lot, the asset benefits from steady local rental demand and proximity to key employers, services, and community amenities. With clear pathways to enhance income and long‑term value, this offering is well‑suited for investors seeking growth potential in a supply‑constrained Central Coast market.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1960
- 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 | - | 5,627 | 50% |
| Lot Size | - | 11,543 | 50% |
| Price | $1.50M | $2.05M | 50% |
| Price per sq ft | $0 | $116 | 50% |
| Built year | 1960 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 126 | 50% |
Pricing History
Listed for Sale
Feb 13, 2026
$1,500,000
Initial Listing
Sold
Dec 21, 2022
$625,000
Public Record