Fully Entitled 12 Unit Apartment Development | 1926 E Thompson Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Fully Entitled 12 Unit Apartment Development 1926 E Thompson Blvd
12 Unit Apartment Building $1,995,000 ($166,250/Unit) Ventura, CA 93001
Executive Summary
Real Investments is excited to present a unique opportunity to join the development activity in Ventura.
Higher-Density Entitlement Summary:
19-Unit Apt. Development Project + 1ADU.
1926 E Thompson Blvd, Ventura CA.
$1,995,000 (Projected Listing Price once the higher-density is approved).
Fully Entitled commercial property 12 unit 3-story apartment building with new City Zoning. Now in process of revising plans to 19 Units plus 1 ADU, and a 4-story building.
Plan is well designed with new codes implemented, all units are almost stacked and cost effective for construction purposes.
Approximately 16,000sf rentable units.
Anticipate approval decision by the end of year 2024.
Approx. 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. 2,980 sf with Income.
Existing Zoning: Commercial.
Comprehensive Land Use Designation: T4.5, Environmental Clearance Report, Complete Architectural Drawings.
22 Subterranean Parking with Back-Alley, Survey report, Soil Report, Landscaping Plan.
The project’s ability to comply with the MS4 City requirements; Only two Affordable Housing Units.
Sewer and water availability report and approval.
Original approved Plans are valid until May of 2025.
Original 12-Unit Link:
https://1926thompson.com/
Expand your residential investment portfolio with this amazingly designed 12-unit apartment with potential for 2 additional ADU units, on the thriving Thompson Blvd development scene of Ventura. Entitled as of May 2021 to develop / build the project. Entitlements expire May of 2024. 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. There is an existing building of 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, leasable SF is approx. 11,720 SF. See attached Unit-Tabulation of unit mix and Projected Rents. Send email to Steven@Realinvestments.com for the NDA via Docusign to access Sellers Disclosures via Dropbox: Full plan renderings, entitlement information, reports, working drawing proposal, existing tenant status and more! Please email LOI and Offers to both Steven@Realinvestments.com and Michael@Realinvestments.com. INCOME DISCLOSURE: Presently both existing buildings are fully rented with a gross monthly income of $7,000.00. Enjoy the income until you break ground on the development!
Higher-Density Entitlement Summary:
19-Unit Apt. Development Project + 1ADU.
1926 E Thompson Blvd, Ventura CA.
$1,995,000 (Projected Listing Price once the higher-density is approved).
Fully Entitled commercial property 12 unit 3-story apartment building with new City Zoning. Now in process of revising plans to 19 Units plus 1 ADU, and a 4-story building.
Plan is well designed with new codes implemented, all units are almost stacked and cost effective for construction purposes.
Approximately 16,000sf rentable units.
Anticipate approval decision by the end of year 2024.
Approx. 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. 2,980 sf with Income.
Existing Zoning: Commercial.
Comprehensive Land Use Designation: T4.5, Environmental Clearance Report, Complete Architectural Drawings.
22 Subterranean Parking with Back-Alley, Survey report, Soil Report, Landscaping Plan.
The project’s ability to comply with the MS4 City requirements; Only two Affordable Housing Units.
Sewer and water availability report and approval.
Original approved Plans are valid until May of 2025.
Original 12-Unit Link:
https://1926thompson.com/
Expand your residential investment portfolio with this amazingly designed 12-unit apartment with potential for 2 additional ADU units, on the thriving Thompson Blvd development scene of Ventura. Entitled as of May 2021 to develop / build the project. Entitlements expire May of 2024. 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. There is an existing building of 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, leasable SF is approx. 11,720 SF. See attached Unit-Tabulation of unit mix and Projected Rents. Send email to Steven@Realinvestments.com for the NDA via Docusign to access Sellers Disclosures via Dropbox: Full plan renderings, entitlement information, reports, working drawing proposal, existing tenant status and more! Please email LOI and Offers to both Steven@Realinvestments.com and Michael@Realinvestments.com. INCOME DISCLOSURE: Presently both existing buildings are fully rented with a gross monthly income of $7,000.00. Enjoy the income until you break ground on the development!
Property Facts
| Price | $1,995,000 | Building Class | B |
| Price Per Unit | $166,250 | Lot Size | 0.31 AC |
| Sale Type | Investment | Construction Status | Proposed |
| No. Units | 12 | Building Size | 19,975 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Low Rise | Parking Ratio | 1.35/1,000 SF |
| Price | $1,995,000 |
| Price Per Unit | $166,250 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Construction Status | Proposed |
| Building Size | 19,975 SF |
| No. Stories | 3 |
| Year Built | 2026 |
| Parking Ratio | 1.35/1,000 SF |
1 of 1
Walk Score ®
Very Walkable (88)
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
zoning
| Zoning Code | T4.4 (Commercial) |
| T4.4 (Commercial) |
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Fully Entitled 12 Unit Apartment Development | 1926 E Thompson Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.