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RE/MAX Commercial is pleased to offer the sale of a prime multifamily development parcel located at 109 South Third Street in Lompoc This one-acre site (Fidelity Passport Report), presents a compelling residential development opportunity in a well-established area of Southeast Lompoc. The property is zoned R-3 PD and is flat, level, and highly buildable with utilities readily available at the street--an ideal foundation for a thoughtful multifamily project. In 2021 the City of Lompoc approved a Mission-style townhome community known as Castillo de Rosas Townhomes. The approved plan envisioned: 24 two-story residential townhome units with three bedrooms and two and one-half baths per unit and individual two-car garages. A cohesive Mission-inspired architectural design. Per 1/29/26 meeting with the City of Lompoc Planning department, planning entitlements are valid through June 17th, 2026. Map is valid until June 17th, 2027 with an additional 2-year extension available. Given the passage of time and evolving housing needs, buyer prospects are encouraged to engage directly with the City as well as the State new guidelines to explore additional density opportunities. The location enhances the appeal: Prime Southeast Lompoc setting with close proximity to West Ocean Avenue and Hwy 1. Convenient access to the medical district, nearby Hapgood Elementary School, and established residential surroundings with neighborhood continuity. About Lompoc and the region: Lompoc continues to gain attention as a coastal California community offering a rare balance of affordability, growth potential, and lifestyle appeal. Known for its open skies, agricultural roots, and proximity to the Pacific, the city benefits from regional drivers including Vandenberg Space Force Base, expanding medical services, and steady demand for quality workforce and family housing. Its location along the Central Coast places residents within reach of Santa Barbara, Santa Ynez wine country, and the rugged beauty of the Gaviota coastline. This offering represents a near turnkey development opportunity in a city that values smart growth and community-oriented development. Why wait? Explore the potential and start shaping Lompoc's next residential chapter today. Architectural information and more in private remarks. Buyer and Buyer's agent to verify all information with City of Lompoc.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 1/24/2026 | Year Built | 0 |
|---|---|---|---|
| Community | LOMP - Lompoc | County | Santa Barbara |
Additional Details
| AREA | LOMP - Lompoc |
|---|---|
| LOT | 1 acre(s) |
| LOT DIMENSIONS | 43560 |
| UTILITIES | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | See Remarks |
Location
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Listed with RE/MAX Success
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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