Welcome to 406 S. I Street, a property with exciting opportunity to create your dream in one of Lompoc’s most desirable neighborhoods. This delightful 2-bedroom, 1-bath cottage sits on a generous 6,970 square foot lot studded with mature trees. The wonderful Old Town area features cafe's, 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 will find original solid wood floors, upgraded windows, and a convenient single level floor plan. Beyond the fenced yard, additional level land extends to the alley, offering extra yard 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 opportunities with the City of Lompoc. ***The adjacent property at 400 S. I Street is also offered for sale***