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.