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$5,090,000

For Sale

18 days ago

176 W Ramona St, Ventura, CA

House

MLS® 26670433

32 Bed

16 Bath

--

16 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 18
Lot Size 
Approx. Age 1974
MLS® Number 26670433

Property Address: 176 W Ramona St, Ventura, CA, 93001-1653

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number26670433
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1974
Basement
DrivewayCovered, Uncovered
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 27, 2026List Date
$5,090,000List Price
  • Commute

Commute

Starting Address
Destination Address
176 W Ramona St, Ventura, CA

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