1170 Montebello StSanta Paula, CA 93060

This exceptional investment opportunity presents a fully entitled, 7.04-acre (±) development site at the Santa Paula Airport (KSZP) in Ventura County, California. The Chaparral Aero Lofts project is planned for 37 residential and business hangar-homes, offering a unique blend of aviation-themed living and commercial spaces. The property boasts a comprehensive plan, including new easements, landscaping, taxiways, retaining walls, flood protection, site gates and security, parking, site walls, and complete wet and dry utilities, along with stormwater control and treatment. The development's design incorporates aeronautical architectural styles and reflects the heritage of Santa Paula. Access to the airport is secured through CC&Rs and an access agreement with the Santa Paula Airport Association. The property's zoning plan has been specifically adopted, and all necessary approvals from aeronautical agencies have been obtained, ensuring a smooth development process. The airport's status is ensured in perpetuity per the approved plan. This location offers a unique combination of convenience and tranquility, situated just an 80-minute drive north of LAX and a short 15-minute drive to Ventura's beaches, while maintaining the charm of a small town within the quiet Heritage Valley surroundings. The lot size is 306,750 square feet (APN: 104-0-107-095, 195 & 205). The asking price for this remarkable development opportunity is $5,850,000.