1926 E Thompson Blvd, Ventura, CA 93001

Entitlements Approved in March of 2026

19 unit Apartment Building +1 ADU Development Project

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.

Project Highlights:

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:

o 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