109 3rd St Lompoc, CA 93436
- Commercial land
- 1.00 lot acres
Current Use by Public Records
- Commercial land
Property Details for 109 3rd St
- Lot size
- 1.00 lot acres
- Property type
- Commercial land
- APN
- 085-150-047
- APU
- 85150047
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lompoc
- County
- Santa Barbara
- State
- California
- Longitude
- -120.446
- Latitude
- 34.6381
- CBSA code
- 42200
- CBSA name
- SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
