$5,090,000

176 W Ramona Street, Ventura, CA 93001

  • Property Icon other
  • Property Year Built Icon Built in 1974
  • Property Lot Size Icon0.51acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Date Added:
March 27, 2026
Data Last Updated:
April 30, 2026 at 12:08AM
Listing Office:
Keller Williams Beverly Hills : 310-432-6400
Listing Agent:
Zachary Freehling : 310-592-0833
MLS ID:
CL26670433
  • Heating: Wall Furnace
  • Parking: CoveredOtherUncovered Parking Space
  • County: Ventura
  • Zoning: UNAVAILABLE

This listing courtesy of Zachary Freehling , Keller Williams Beverly Hills

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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