4075 Telegraph RdVentura, CA 93003

Property Details for 4075 Telegraph Rd

Lot size

0.97 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 0.974-acre development site, located at 4075 Telegraph Rd, Ventura, CA 93003 (APN 078-0-050-390), presents a compelling investment opportunity. Currently zoned for commerce (GP=Commerce), this property is situated in a "Highest Resource" zone, ideally positioned for multifamily development. The City of Ventura's General Plan and land use alternative plan actively encourage increased multifamily housing in this area, specifically targeting the Telegraph Road/Ventura College corridor for multifamily, student housing, and mixed-use projects. The site's potential allows for approximately 46 multifamily units, capitalizing on the high demand for housing and proximity to Ventura College, a major employment hub. The property boasts a convenient location, a one-minute walk from Ventura College, and sits at the corner of Telegraph Road and N Ashwood Avenue. With a total land area of 42,253 square feet, this site offers significant potential for a high-return development project within a thriving community. The asking price is $2,495,000. This is a rare opportunity to acquire a strategically located parcel poised for significant growth and development within Ventura's evolving urban landscape.

Location Insight

City

Ventura

County

Ventura

State

California

Latitude

34.2746

Longitude

-119.24

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