176 W Ramona Street, San Buenaventura Ventura, CA 93001
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
176 W Ramona Street,Ventura, CA 93001
$5,090,000
- 32 Beds
- 16 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: zachary freehling
Office: keller williams beverly hills310-432-6400
MLS#:26670433
Source:CRMLS
Price summary
- Price:$5,090,000
About this home
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....
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Home facts
- Year built:1974
- Listing ID #:26670433
- Added:49 day(s) ago
- Updated:May 16, 2026 at 07:26 AM
Rooms and interior
- Bedrooms:32
- Total bathrooms:16
- Kitchen Description:Refrigerator
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1974
- Lot area:0.51 Acres
- Levels:2 Story
Finances and disclosures
- Price:$5,090,000
Parking
- Total parking spaces:16
- Parking description:Covered, Uncovered
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