314 S I Street Lompoc CA 93436 | NS22082270

Rarely available 1938 home that has 4 beds, 2 baths, 1,881 sqft, along with a quality permitted second unit built in 1991 that has 2 bedrooms, 2 baths and 1,064 sqft. of living space in Lompoc desirable Southside neighborhood. Want to INCREASE YOUR INCOME? If yes, you have the option to convert the garage to an ADU as the current owner has approved plans from the city of Lompoc to convert the garage into a 1 bed 568 sqft ADU. Please know that no expense was spared as the front house and rear unit have separate meters (gas, electrical and water) and all are underground. What makes this home unique is that it can serve many purposes! First, if you are an investor, convert the garage to a 1 bed ADU and rent the large home, the second unit and the ADU for income. A local property management company stated 4/21/22 that the current market rent for the two homes is $4,800 and with the ADU the total market rent for the 3 units would be $6,400. Second, if you have in-laws or a parent that you need to take care of or needs assistance, let them live in the second unit. Third, if you are looking at buying a quality home to live in to take advantage of owner-occupied financing, you can occupy the large 1,881 sqft home and receive rent for the 2-bedroom unit and the ADU to help pay your mortgage. You decide what is best for you. The major expenses have been completed. All roofs were stripped and replaced by McIntosh Roofing in 2016 with Landmark TL lifetime composition shingles and all rotted wood and fascia was replaced. The front home features: upgraded vinyl dual pane windows, plaster walls with some rounded ceilings with the old-style texture' refinished original wood flooring, newer engineered stone counter tops in the kitchen, tile baths, a private patio and all the unique features you would expect from a home built in 1938. The rear home was built in 1992 and was renovated in 2019. This entailed replacing all flooring, painting the entire interior, and a new tile shower upstairs. This unit has 2 beds, 2 baths, custom kitchen cabinets with glass panes, and a second story balcony off the master bedroom. Please don’t hesitate to check out this beautiful older home with a second unit in Lompoc’s desirable south side neighborhood as it is in walking distance to the farmer&#39's market, coffee shop, restaurants, breweries, the theatre, and all that Old Town Lompoc has to offer. This is one you do not want to miss!

Property Details

MLS #:
314 S I Street
Residential Income
Listed Date:
Apr 25, 2022
South West Lmpc(54)
Lot Size:
6,970 sqft / 0.16 acres (approx)
Year Built:



Carpet, Tile, Wood
Window Features
Double Pane Windows


Community Features
Exterior Features
Rain Gutters
Foundation Details
Raised, Slab
Garage Spaces
Lot Features
Lot 6500-9999, Sprinklers In Front
Pool Features
Composition, Shingle
Public Sewer
Water Source


Tenant Pays
All Utilities


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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

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314 S I Street
Lompoc, CA