Sold for $550,000

$550,000

1309 E Olive Ave, Lompoc, CA 93436

3beds

2,572sqft

Single Family Residence

Built in 1980

9,147 Square Feet Lot

$556,300 Zestimate^®

$214/sqft

$4,352 Estimated rent

Home value

$556,300

$501,000 - $617,000

$4,352/mo

Zestimate^® history

Owner options

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$4,352/mo

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$4,352/mo

Rent Zestimate^®

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$3,407/mo

Est. payment

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$3,407/mo

Est. payment

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What's special

Oversized backyard

Attention investors and house-flippers! This 3-bedroom, 3-bathroom property is the ultimate value-add project in a high-demand rental market. Situated on an expansive lot with rare alley access, the possibilities for maximizing your return are endless. A functional 3 bedroom, 3 bath layout with abundant sqftd that's hard to find in this price point. The oversized backyard and alley access make this an ideal candidate for an Accessory Dwelling Unit (ADU). Live in one, rent the other, or double your rental income. Just down the street is Beattie Park and just minutes from Vandenberg Space Force Base. Bring your contractor and your vision. This is a ''buy low, renovate, and reap the rewards'' scenario in the growing Central Coast market. Please do not disturb current occupant.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Dining room

Features: Dining Area, Breakfast Area

Heating

Forced Air

Cooling

None

Appliances

Included: Other
Laundry: Inside

Features

Flooring: Carpet
Number of fireplaces: 1
Fireplace features: Brick/Stone, Family Room

Interior area

Total structure area: 2,572
Total interior livable area: 2,572 sqft

Property

Parking

Total spaces: 2
Parking features: Other, Drive Space, Attached
Attached garage spaces: 2
Has uncovered spaces: Yes

Features

Entry location: No Stairs to Entry
Fencing: Fenced Yard
Has view: Yes
View description: Park/Greenbelt, Valley

Lot

Size: 9,147 Square Feet
Features: Cul-De-Sac, Valley, Corner Lot

Details

Additional structures: Tool Shed
Parcel number: 085271015
Zoning description: Residential Single Family
Special conditions: Probate Listing

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Stucco
Foundation: Slab
Roof: Tile

Condition

Year built: 1980

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Green energy

Green verification: Unknown
Energy efficient items: Unknown
Energy generation: None

Community & HOA

HOA

Has HOA: No

Location

Region: Lompoc

Financial & listing details

Price per square foot: $214/sqft
Tax assessed value: $376,686
Annual tax amount: $4,346
Date on market: 2/18/2026
Cumulative days on market: 8 days
Listing terms: Cash

Price history

Date	Event	Price
3/25/2026	Sold	$550,000+4.8%$214/sqft
Source: North Santa Barbara County MLS #26000305 Report a problem
3/14/2026	Pending sale	$525,000$204/sqft
Source: CRMLS #NS26036566 Report a problem
2/26/2026	Contingent	$525,000$204/sqft
Source: CRMLS #NS26036566 Report a problem
2/26/2026	Pending sale	$525,000$204/sqft
Source: North Santa Barbara County MLS #26000305 Report a problem
2/18/2026	Listed for sale	$525,000+305%$204/sqft
Source: North Santa Barbara County MLS #26000305 Report a problem
7/27/2001	Sold	$129,632$50/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,346 +5.7%	$376,686 +2%
2024	$4,111 +0.4%	$369,301 +2%
2023	$4,093 +1.3%	$362,061 +2%
2022	$4,041 -1.1%	$354,963 +2%
2021	$4,086 +1.1%	$348,004 +1%
2020	$4,042 +1.7%	$344,437 +2%
2019	$3,976 +1.6%	$337,684 +2%
2018	$3,915 +1.8%	$331,064 +2%
2017	$3,844 +1.8%	$324,573 +2%
2016	$3,775 +2.2%	$318,209 +1.5%
2015	$3,695	$313,431 +2%
2014	$3,695	$307,293 +2.5%
2012	--	$299,908 +2%
2011	--	$294,028 +0.8%
2010	--	$291,832 -0.2%
2009	--	$292,526 +2%
2008	--	$286,791 +2%
2007	--	$281,169 +2%
2006	--	$275,657 +2%
2005	--	$270,253 +3.9%
2003	--	$260,100 +65%
2002	--	$157,663 +2%
2001	--	$154,572 +2%
2000	--	$151,542