176 W Ramona St, Ventura, CA 93001
176 W Ramona St, Ventura, CA 93001
176 W Ramona St, Ventura, CA 93001
10
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$5,090,000
Est. payment /mo
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32 Beds
16 Baths
0.51 Acres Lot
Active

176 W Ramona St Ventura, CA 93001

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David Jones

David Jones

+1(702) 883-8801

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26670433

Bedrooms 32

Year Built 1974

Lot Size 0.510 Acres

Property Sub-Type Multi-Family

Property Description

This value-add investment opportunity offers the potential to build approximately four additional ADUs by right on a spacious 22,214 sq. ft. lot, providing significant future upside. The property consists entirely of two-bedroom, one-bathroom units, with 8 of the 16 units already completely gut renovated featuring new kitchens and bathrooms, updated flooring, recessed lighting, modern fixtures, and stainless steel appliances. The asset is spread across three separate structures and includes on-site laundry as well as a landscaped outdoor area for tenants to enjoy. Ideally located approximately one mile from Downtown Ventura and just 2.5 miles from the beach, the property sits in the historic Ventura Avenue district and is surrounded by several pending development projects. Ventura is currently experiencing a severe shortage of workforce housing and competing rental inventory, while most new developments in the area are luxury-oriented and command premium rents. The property is subject to California State Rent Control, which currently allows for annual rent increases of up to 7.7% in Ventura, providing investors with steady income growth potential.

Location

State CA

County Ventura

Area West Of California To City Limits

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Air Conditioning, Ceiling Fan

Equipment Range/Oven, Refrigerator

Exterior

Parking Features Covered Parking, Uncovered

Garage Spaces 16.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills

NEARBY SCHOOL & BUSINESS

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David Jones
David Jones

Agent | RE. S.0072438

+1(702) 883-8801 | davidsellslasvegas@gmail.com

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176 W Ramona St