616 University, Lompoc, CA 93436, Lompoc, 93436 - 3 bed, 2 bath
616 University
Lompoc, CA 93436
Property Price
SUMMARY
Analysis of 616 University, Lompoc, CA 93436 reveals a Prime Investment Opportunity with a current list price of $799,000—significantly undercutting the $842,016 Fair Market Value by 5%. This valuation gap indicates a +$43,016 Instant Equity potential for buyers. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 616 University Subject | $799,000* List Price | 3 | 2 | 2,260 | $373 | - |
A 612 University Sold | $660,000 | 3 | 2 | 1,670 | $395 | 0.0 mi |
B 220 N F Street Sold | $650,000 | 4 | 2 | 1,574 | $413 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is exceptionally well-maintained and clean, but it remains largely in its original 1976 state or features older updates. The kitchen contains dated cabinetry and white appliances, and the interior features older carpeting and wood accents typical of its era. While functional and move-in ready, the home lacks recent modern renovations to its major systems and aesthetic finishes.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 9583, living area = 2260.
- Generous Living Space
With approximately 2,260 sq ft of single-story living area, this home offers exceptionally large rooms, including a formal living room and a separate family room, providing a sense of scale rarely found in three-bedroom properties.
- Extensive Lot & Utility
The nearly 10,000 sq ft lot is a significant asset, featuring a beautifully landscaped yard with fruit trees, a large covered patio for entertaining, and the highly desirable addition of RV parking.
CONSRISKS & DEFICIENCIES
- Dated Architectural Era
Built in 1976, the property may require cosmetic updates or modern system upgrades to meet the expectations of buyers looking for contemporary finishes and energy efficiency.
- Bedroom-to-Square-Footage Ratio
While the home is spacious at over 2,200 sq ft, it only contains three bedrooms, which may limit its appeal to larger families who typically expect four or more bedrooms in a home of this size.
About 616 University
Welcome to 616 University Drive! Lovely and spacious one-story 3-bedroom, 2-bath home offering approx. 2,260 sq ft of comfortable living, nestled on a large approx. 9,583 sq ft lot in the desirable University Park neighborhood of southeast Lompoc. This home welcomes you with a grand double-door entry and an inviting oversized front porch. Inside, you'll find a formal living room with fireplace and some city & mountain views along with a formal dining area; a well-appointed kitchen with a generous eat-in area and French doors lead to a large family room featuring a second fireplaceperfect for gatherings and everyday living. The primary suite provides plenty of closet space for added comfort. Step outside to a beautifully landscaped backyard with fruit trees and a large, covered patio, ideal for BBQs and entertaining. Additional highlights include an indoor laundry room that offers ample storage, RV parking, an oversized two-car garage, and more. Don't miss this wonderful opportunitysee it today and make it your Home Sweet Home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 9,583 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,260 | 1,697 | 74% |
| Lot Size | 9,583 | 6,970 | 75% |
| Price | $799.0K | $630.0K | 80% |
| Price per sq ft | $354 | $377 | 38% |
| Built year | 1976 | 1963 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 185 | 1% |
Pricing History
Listed for Sale
Feb 24, 2026
$799,000
Initial Listing
Sold
Nov 1, 2018
$465,000
Public Record