637 Sheridan WayVentura, CA 93001

This exceptional investment opportunity presents a substantially completed 10-unit apartment building development project in Ventura, California. Located at 637 Sheridan Way, this property boasts an approved development plan (pending finalization) for a 5,580 square foot building on a spacious 12,500 square foot lot. Currently, a 3-bedroom, 1-bathroom house sits on the site, providing immediate income potential while development plans are finalized. The asking price is $999,000, translating to $179.03 per square foot. This prime Westside Ventura location offers unparalleled convenience, with close proximity to downtown Ventura's vibrant shops, restaurants, entertainment venues, parks, schools, and art galleries. The property's strategic location also benefits from easy access to major transportation arteries, including the 101 Freeway and Highway 33, placing it ideally between Santa Barbara and Los Angeles Counties. This is a rare chance to acquire a multifamily development project in a highly desirable area with strong potential for significant returns. The approved plans offer a streamlined path to completion, making this an attractive proposition for experienced developers and investors seeking a turnkey project in a thriving California market. Don't miss this opportunity to capitalize on the growing demand for housing in Ventura's Westside community.