Welcome to 400 S. I Street in the heart of Old Town Lompoc! This charming 2-bedroom, 1-bath cottage sits on a generous 6,970 square foot corner lot in one of the area’s most desirable neighborhoods. The Old Town area features cafes, restaurants, murals, and unique historic architecture around every corner. A short trip away is the famous Miguelito Park, offering scenic views of nature, picnic areas, and recreation opportunities. The property offers exceptional versatility with a fully fenced backyard, convenient alley access, and a detached one-car garage, ideal for parking, storage, or potential future improvements. Inside, you’ll find an updated interior featuring a remodeled kitchen, newer hard-surface flooring, updated windows, in-home laundry, and abundant storage throughout. Step outside to your backyard retreat, complete with a spacious stone patio area, mature shade tree, and plenty of room for entertaining, gardening, or simply enjoying Lompoc’s mild Mediterranean climate. Beyond the fenced yard, additional level land extends to the alley, offering additional space and exciting possibilities for expansion. Zoned R-2 (Medium Density), the property supports development potential, including the possibility of additional units and/or Accessory Dwelling Units (ADU). Verify development standards with the City of Lompoc. ***The adjacent property at 406 S. I Street is also offered for sale***