38 Teloma Dr - Incredible 1.93 Acre Parcel - R1-7 Zoned 17,203 SF Specialty Building Offered at $8,339,005 CAD in Ventura, CA 93003

Douglas Elliman Commercial is proud to present a rare and exceptional opportunity to acquire a Trophy R1-7 Zoned Property in the heart of Ventura. Situated on a prominent and highly trafficked 1.93-acre corner lot at Telegraph Road and Teloma Drive, this property is mere blocks from Ventura College—an ideal location for future development.
Offered at $6,100,000, this special purpose property features approximately 17,800 square feet across six versatile structures, currently occupied by income-generating tenants, including multiple schools and a church. Originally constructed in 1960, the site provides immediate cash flow potential while allowing time for developers to pursue entitlements and redevelopment plans.
* Zoning: R1-7 (Buyer to verify development potential)
* Approximate Lot Size: 1.93 Acres
* Current Use: School and Church – income-producing
* Six buildings totaling ±17,800 SF
* Corner of Telegraph Rd. & Teloma Dr., high visibility and traffic
* Minutes from Ventura College and key urban amenities
With its prime location, existing infrastructure, and flexible building layout, this site is ideally suited for a range of future uses—multi-family, single-family housing, educational institutions, or other community-focused developments (Buyer to verify with the City of Ventura).
This property offers a rare blend of current income and long-term development upside in one of Ventura’s most desirable growth corridors.
Co-Listed with Jeffrey McKenzie | Douglas Elliman of California, Inc.
For detailed zoning information and development guidelines, please consult the City of Ventura Planning Division.