Thompson Cruz Development

10-29-2021
10-29-2021

1926 E Thompson Blvd, Ventura, CA 93001

Join the development scene in Ventura, California with a commercial property that is fully entitled to develop a 12-unit apartment building located at 1926 E Thompson Blvd.

Property Description

Real Investments is pleased to present a unique opportunity to join the development activity in Ventura. Expand your residential investment portfolio with this amazingly designed 12-unit apartment on the thriving Thompson Blvd development scene of Ventura. Fully Entitled commercial property as of May 2021 - Entitlements expire May of 2023. 12 unit-Apartment Building with approx. 11,720 sf leasable units, 13,515 sf corner lot, 23 parking spaces on ground level subterranean garage with ADA parking, bike rack area, elevator, open courtyard, BBQ area and patio with ocean view. Existing Bldg., approx. 2,980 sf with income until you break ground. Existing Zoning: Commercial. Comprehensive Land Use Designation: T4. Environmental Clearance report, Complete Architectural drawings with 23 parking spaces, including 16 on surface subterranean and 7 spaces in back alley. Survey report, Soil Report, Landscaping plan. The project’s ability to comply with the MS4 City requirements. Only one Affordable Housing Unit. Sewer and water availability report and approval. Great units mix of 1, 2 and 3 BR penthouse, 860sf to 1,480sf units including 2 work/ live at the front of Thompson Blvd. Midtown location, 1.5 miles from Downtown Ventura & Pacific View Mall, 3/4 miles to the ocean. Total building size is approx. 19,975 SF. Listed at $1,595,000.00 NDA required. 

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
Unit Mix 12 11,720 $ 0

Key Property Information

Listing Status
Available
Multifamily type
Development Opportunity
No. of Units
1
Building Size
2,980 Sq ft
Lot Size
13,515 Sq ft
No. of Stories
1
APN
075-0-081-090
Opportunity Zone
Off
Price per unit
$ 1,595,000
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34.274558, -119.272564

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