Listed by Steven Sarahang, Flat Fee Inc., (818) 402-4266
117 S I St
Lompoc, CA 93436
Local Information
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Description
Prime 0.40-Acre Empty land Development Opportunity in Historic Old Town Lompoc at I Street – Includes Two Parcels.
Discover a rare investment opportunity in the heart of Old Town Lompoc, Santa Barbara County. This flat, build-ready 0.40-acre land consists of two adjoining parcels (APNs 091-103-021 & 091-103-022) and offers exceptional development potential in a rapidly revitalizing area.
Preliminary evaluation indicates the site could accommodate some commercial space and approximately 48 residential units, including 7 affordable units for low-income housing when considering AB 2001 Bill as well as density bonus incentives. No parking is required under these provisions, making this a highly versatile opportunity for developers looking to bring new residential and retail vitality to the downtown corridor.
All information should be confirmed with the City of Lompoc and independently verified by the buyer.
This land also carries rich historic significance. In 1875, it was home to the iconic Sherman Hotel, later known as the Colonial Inn, built by Lompoc’s first postmaster. Over the years, it held several names—including the Veit House, Cousin’s Hotel, and Mastro's Colony House—before its demolition in 1989. Today, the site stands ready for a new chapter, offering a unique opportunity to revitalize a meaningful piece of Lompoc’s past.
With its central location, flat topography, and flexible development possibilities, this property is ideal for a thoughtfully designed residential or mixed-use project. Bring your vision to a site where history, community, and opportunity come together.
Discover a rare investment opportunity in the heart of Old Town Lompoc, Santa Barbara County. This flat, build-ready 0.40-acre land consists of two adjoining parcels (APNs 091-103-021 & 091-103-022) and offers exceptional development potential in a rapidly revitalizing area.
Preliminary evaluation indicates the site could accommodate some commercial space and approximately 48 residential units, including 7 affordable units for low-income housing when considering AB 2001 Bill as well as density bonus incentives. No parking is required under these provisions, making this a highly versatile opportunity for developers looking to bring new residential and retail vitality to the downtown corridor.
All information should be confirmed with the City of Lompoc and independently verified by the buyer.
This land also carries rich historic significance. In 1875, it was home to the iconic Sherman Hotel, later known as the Colonial Inn, built by Lompoc’s first postmaster. Over the years, it held several names—including the Veit House, Cousin’s Hotel, and Mastro's Colony House—before its demolition in 1989. Today, the site stands ready for a new chapter, offering a unique opportunity to revitalize a meaningful piece of Lompoc’s past.
With its central location, flat topography, and flexible development possibilities, this property is ideal for a thoughtfully designed residential or mixed-use project. Bring your vision to a site where history, community, and opportunity come together.
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
143 days ago
Home Details for 117 S I St
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Appliances & Utilities Utilities: See Remarks |
View Has a ViewView: Mountain(s) |
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Frontage Not on Waterfront |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 5Days on Market: 143 |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Building Not a New ConstructionHas Additional Parcels |
Property Information Usage of Home: Commercial, Investment, Multi-Family, See RemarksParcel Number: 091103021Additional Parcels Description: 091103022 |
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Price List Price: $339,000 |
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MLS Status: Active |
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Direction & Address City: LompocCommunity: South West Lmpc(54) |
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Listing Agent Listing ID: SR25277552 |
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Community Features: Curbs, SidewalksNot Senior Community |
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Association for this Listing: California Regional MLSHOA Fee: No HOA Fee |
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Lot Area: 8712 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan, Owner May Carry |
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Mls Number: SR25277552Living Area Range Units: Square FeetAttribution Contact: 818-402-4266Common Interest: NoneUniversal Property Id: US-06083-N-091103021-R-N |
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CurbsSidewalksSource Internet Entire Listing Display |
Last check for updates: about 4 hours ago
Listing Provided by: Steven Sarahang DRE #01386940, (818) 402-4266
Flat Fee Inc.
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SR25277552
Also Listed on CRMLS.
Price History for 117 S I St
| Date | Price | Event | Source |
|---|---|---|---|
| 12/17/2025 | $339,000 | PriceChange | CRMLS #SR25277552 |
| 01/19/2022 | $285,000 | Pending | CRMLS #SC21240866 |
| 12/20/2021 | $285,000 | PendingToActive | CRMLS #SC21240866 |
| 11/17/2021 | $285,000 | Pending | CRMLS #SC21240866 |
| 11/02/2021 | $285,000 | PriceChange | CRMLS #SC21240866 |
| 03/26/2018 | $187,500 | Listed For Sale | Agent Provided |
| 07/28/2017 | $299,000 | ListingRemoved | Agent Provided |
| 08/04/2016 | $299,000 | Listed For Sale | Agent Provided |
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Comparable Sales for 117 S I St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.73 | Lot/Land | $141,500 | 10/21/25 | - | - | ||
0.41 | Lot/Land | $400,000 | 01/15/26 | - | - | ||
0.76 | Lot/Land | $152,000 | 05/09/25 | - | - | ||
0.80 | Lot/Land | $585,000 | 08/07/25 | - | - | ||
1.96 | Lot/Land | $1,300,000 | 03/27/26 | - | - | ||
5.43 | Lot/Land | $1,750,000 | 08/15/25 | - | - | ||
5.43 | Lot/Land | $1,750,000 | 08/15/25 | - | - | ||
5.60 | Lot/Land | $930,000 | 03/13/26 | - | - | ||
5.64 | Lot/Land | $925,000 | 12/26/25 | - | - |
Assigned Schools
These are the assigned schools for 117 S I St.
- Arthur Hapgood Elementary School
- K-6
- Public
- 768 Students
3/10GreatSchools RatingParent Rating AverageThe overfed parents of these students continue to block all streets and parking in adjacent neighborhoods so they can continue to drive their overfed children to this school from elsewhere in this city. They stop and block the middle of the street so the children won’t have to walk a couple of blocks. Too bad the failed bond measure negatively impacts the students rather than the slovenly parents.Parent Review2y ago - Lompoc Valley Middle School
- 7-8
- Public
- 744 Students
2/10GreatSchools RatingParent Rating AverageSchool Staff is very engaged on a daily basis for managing the kids with their social emotional problems with peer pressure and bullying. They have a solid program in place with Zero tolerance for keeping these kids in a safe environment.Parent Review14y ago - Lompoc High School
- 9-12
- Public
- 1593 Students
3/10GreatSchools RatingParent Rating AverageMrs. Pico is open to listening to parents and made suggested changes which was fabulous! The school communicates with parents a lot so they know what’s happening at the school and with my children that attend. I really like Aries and Parent Square. Thank you for being a better school than Cabrillo.Parent Review1y ago 
Check out schools near 117 S I St.
What Locals Say about Lompoc
At least 284 Trulia users voted on each feature.
91 % Say there are sidewalks
86 % Say it's dog friendly
79 % Say parking is easy
78 % Say car is needed
76 % Say there's holiday spirit
70 % Say yards are well-kept
70 % Say kids play outside
68 % Say it's walkable to grocery stores
66 % Say streets are well-lit
61 % Say it's quiet
57 % Say it's walkable to restaurants
56 % Say neighbors are friendly
55 % Say people would walk alone at night
55 % Say they plan to stay for at least 5 years
49 % Say there's wildlife
33 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Steven Sarahang, Flat Fee Inc.
Agent Phone: (818) 402-4266
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
117 S I St, Lompoc, CA 93436 is a lot/land. This property is currently available for sale and was listed by CRMLS on Dec 17, 2025. The MLS # for this home is MLS# SR25277552.