The East Valley Lofts project, to be located in Nipomo, California, is being developed by Chestnut Ventures, LLC. Chestnut Ventures is actively seeking buyers for the project. The land is currently on sale for $799,000. The project has a total cost of approximately $9.8 million with a stabilized year one NOI of $630k. This mixed-use project will include one and three-bedroom apartments to be located on Thompson Road in Old Town Nipomo.  SLO County’s “South County Advisory Council” has given the project a green light and the project is now ready for permit submittal to the County.