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518 N T St

0.32 Acres of Residential Land Offered at £504,680 in Lompoc, CA 93436

Executive Summary

This offering consists of a 14,000 sq ft lot and fully approved plans for 8 units total, 4 duplexes of 3 bedroom 1 bath units with attached 2 car garages. Plus, the city of Lompoc is agreeable to convert two of the garages to ADUs for a total of 10 units, 8 3bedroom 1 baths and 2 Garage conversion ADUS. Starting a project at this point saves you three years of planning for most jurisdictions. This is your opportunity to close escrow, pay city fees and immediately begin
construction.

Attachments

Offering Memo
Commercial NDA
PRELIM Title

Property Facts

Price £504,680 Property Type Land
Sale Type Investment Property Subtype Residential
Sale Conditions 1031 Exchange Total Lot Size 0.32 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £504,680
Sale Type Investment
Sale Conditions 1031 Exchange
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.32 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price £504,680 Lot Size 0.32 AC
Price Per AC £1,577,126
Price £504,680
Price Per AC £1,577,126
Lot Size 0.32 AC

100x140 R3 infill lot surrounded by existing multifamily, fully approved plans for 8 unit development and potential for 2 ADUS.

Description

14,000 sq ft lot in Lompoc, CA. Fully approved plans for 8 units, 4 duplexes.

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518 N T St, Lompoc, CA - aerial map view - Image1
518 N T St, Lompoc, CA - aerial map view - Image2
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
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PROPERTY TAXES

Parcel Number 089-161-012 Improvements Assessment £0
Land Assessment £90,473 Total Assessment £90,473

PROPERTY TAXES

Parcel Number
089-161-012
Land Assessment
£90,473
Improvements Assessment
£0
Total Assessment
£90,473

zoning

Zoning Code R3 (22 dwelling units/net acre plus density bonuses.)
R3 (22 dwelling units/net acre plus density bonuses.)
(805) 637-1343

Contact

  • Adam Pettit
    Adam Pettit
  • Pettit Group at Modern Broker

  • Listing ID: 33273515

  • Date on Market: 23/09/2024

  • Last Updated:

  • Address: 518 N T St, Lompoc, CA 93436

The Land Property at 518 N T St, Lompoc, CA 93436 is currently available for sale. Contact Pettit Group at Modern Broker for more information.

Nearby Listings

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518 N T St, Lompoc, CA for sale Other- Image 1 of 9
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518 N T St
(805) 637-1343 x

518 N T St

Adam Pettit

(805) 637-1343

(805) 637-1343

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