Courtesy: Colliers International Greater Los Angeles, Inc.
213-532-3298
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.
Lompoc is located in California. Lompoc, California has a population of 44,232. Lompoc is more family-centric than the surrounding county with 34.14% of the households containing married families with children. The county average for households married with children is 31.69%.
The median household income in Lompoc, California is $60,234. The median household income for the surrounding county is $84,356 compared to the national median of $69,021. The median age of people living in Lompoc is 33.8 years.
The average high temperature in July is 74.1 degrees, with an average low temperature in January of 40.3 degrees. The average rainfall is approximately 16.4 inches per year, with 0 inches of snow per year.
