516 N U St Lompoc, CA 93436
Estimated payment $8,726/month
About This Home
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.
Listing Agent
Colliers International Greater Los Angeles, Inc. License #01970736 Listed on: 02/13/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Schools
- Cla Elementary School
Listing and Financial Details
- Assessor Parcel Number 089-152-014
Community Details
Overview
- 10 Units
Building Details
- Electric Expense $6,300
- Fuel Expense $412
- Insurance Expense $13,720
- Maintenance Expense $6,500
- Trash Expense $166
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,103 | $650,250 | $104,040 | $546,210 |
| 2023 | $7,103 | $625,000 | $100,000 | $525,000 |
| 2022 | $1,282 | $105,991 | $15,980 | $90,011 |
| 2021 | $1,292 | $103,914 | $15,667 | $88,247 |
| 2020 | $1,279 | $102,850 | $15,507 | $87,343 |
| 2019 | $1,256 | $100,834 | $15,203 | $85,631 |
| 2018 | $1,236 | $98,857 | $14,905 | $83,952 |
| 2017 | $1,213 | $96,919 | $14,613 | $82,306 |
| 2016 | $1,191 | $95,020 | $14,327 | $80,693 |
| 2014 | $1,165 | $91,761 | $13,836 | $77,925 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/11/2026 05/11/26 | Pending | -- | -- | -- |
| 02/13/2026 02/13/26 | For Sale | $1,500,000 | -- | -- |
Source: Santa Barbara Multiple Listing Service
MLS Number: 26-491
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