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Fully Entitled 12 Unit Apartment Development 1926 E Thompson Blvd 19 Unit Apartment Building $1,995,000 ($105,000/Unit) Ventura, CA 93001
Executive Summary
19-Unit Apartment Development Project + 1 ADU. Prime development opportunity on a 13,515 SF corner lot featuring two existing commercial buildings totaling 2,890 SF, currently generating rental income with tenants on month-to-month leases. The property is located on a corner with a dead-end alley, offering both access and privacy.
Property Highlights:
Entitlement in Progress: City Planning approval expected by September 2025.
19-unit apartment building + 1 Accessory Dwelling Unit (ADU).
Previous Approval: Originally approved for a 12-unit, 3-story apartment building. Following recent updates to the City’s Master Plan, the project has been redesigned and expanded into a 4-story structure.
Design Features:
Mix of 1- and 2-bedroom units, stackable design for cost-efficient construction. o Ocean views from upper floors.
o 2 ground-floor live/work units.
o Gated surface-level parking garage.
o Central courtyard and dedicated trash enclosure.
An excellent investment for developers seeking a multifamily development project with value-add potential and existing cash flow.
Approximately 17,000sf rentable units.
• 13,515 sf corner lot, 22 parking spaces on ground level Parking garage, Including ADA, bike rack area, elevator, open courtyard, with ocean view. • Existing Bldg. 2,890 sf with Income
• Existing Zoning: Commercial
• Comprehensive Land Use Designation: T4.5
• Environmental Clearance report,
• Complete Architectural drawings with 22 subterranean parking with back alley
• Survey report,
• Soil Report
• Landscaping plan,
• Development project complies with the MS4 City requirements,
• Designated Affordable Housing Units.
• Sewer and water availability report and approval
Review the attached brochure for the projected Profitability Analysis.
Property Highlights:
Entitlement in Progress: City Planning approval expected by September 2025.
19-unit apartment building + 1 Accessory Dwelling Unit (ADU).
Previous Approval: Originally approved for a 12-unit, 3-story apartment building. Following recent updates to the City’s Master Plan, the project has been redesigned and expanded into a 4-story structure.
Design Features:
Mix of 1- and 2-bedroom units, stackable design for cost-efficient construction. o Ocean views from upper floors.
o 2 ground-floor live/work units.
o Gated surface-level parking garage.
o Central courtyard and dedicated trash enclosure.
An excellent investment for developers seeking a multifamily development project with value-add potential and existing cash flow.
Approximately 17,000sf rentable units.
• 13,515 sf corner lot, 22 parking spaces on ground level Parking garage, Including ADA, bike rack area, elevator, open courtyard, with ocean view. • Existing Bldg. 2,890 sf with Income
• Existing Zoning: Commercial
• Comprehensive Land Use Designation: T4.5
• Environmental Clearance report,
• Complete Architectural drawings with 22 subterranean parking with back alley
• Survey report,
• Soil Report
• Landscaping plan,
• Development project complies with the MS4 City requirements,
• Designated Affordable Housing Units.
• Sewer and water availability report and approval
Review the attached brochure for the projected Profitability Analysis.
Property Facts
| Price | $1,995,000 | Building Class | B |
| Price Per Unit | $105,000 | Lot Size | 0.31 AC |
| Sale Type | Investment | Construction Status | Proposed |
| No. Units | 19 | Building Size | 19,890 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Low-Rise | Parking Ratio | 3.45/1,000 SF |
| Zoning | T4.4 - Commercial | ||
| Price | $1,995,000 |
| Price Per Unit | $105,000 |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Construction Status | Proposed |
| Building Size | 19,890 SF |
| No. Stories | 4 |
| Year Built | 2026 |
| Parking Ratio | 3.45/1,000 SF |
| Zoning | T4.4 - Commercial |
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Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (85)
Property Taxes
| Parcel Number | 075-0-081-090 | Improvements Assessment | $315,000 |
| Land Assessment | $670,000 | Total Assessment | $985,000 |
Property Taxes
Parcel Number
075-0-081-090
Land Assessment
$670,000
Improvements Assessment
$315,000
Total Assessment
$985,000
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Fully Entitled 12 Unit Apartment Development | 1926 E Thompson Blvd
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