For Sale
$995,000

109 3Rd St Lompoc, CA 93436

Prime Lompoc land, 24-unit potential.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 0.96-acre parcel in Lompoc, California (APN 085-150-047), zoned R3-PD, presents a remarkable opportunity for multifamily development. Currently slated for a 24-unit townhome project, "Castillo de Rosas" at 109 S 3rd St, offers a compelling investment at $995,000 ($21.93/SF). The proposed development envisions three two-story buildings, each unit featuring three bedrooms, two and a half bathrooms, and a two-bay garage. This southeast Lompoc location boasts an active tenant base and benefits from its proximity to the East Ocean Ave (HWY 1) and South 3rd Street intersection. The project is part of a larger neighborhood development plan, capitalizing on Lompoc's coastal setting between Santa Barbara and San Luis Obispo counties. Building permits are currently pending. Seller financing may be available. Detailed plans and permit status are available upon request. This is a ready-to-develop opportunity not to be missed.

Highlights

  • $995,000 asking price, approximately $21.93/SF.
  • Ready-to-develop multifamily residential land.
  • Building permits pending.
  • Proposed development of 24 single-family townhome units.
  • Southeast Lompoc location.
  • Seller financing available.

Property Details for 109 3Rd St

Property type
Land
Lot Size (sq. ft)
41,818 SF

Location Insight

City
Lompoc
County
Santa Barbara
State
California
Latitude
34.638179191248
Longitude
-120.44525011763

FAQs

What type of property is this?
Land - Prime Lompoc land, 24-unit potential.
Where is the land located?
The property is located at 109 3Rd St Lompoc, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: $995,000 asking price, approximately $21.93/SF.; Ready-to-develop multifamily residential land.; Building permits pending.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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109 3Rd St
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