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16-Unit Apartment Building with ADU Potential
For Sale
$4,999,000

176 W Ramona Street, Ventura, CA 93001

Multifamily property with renovated apartments, on-site laundry, and outdoor tenant amenities near Downtown Ventura and the beach.

Property SizeContact for details
Days on Market178

Property Features for 176 W Ramona Street

General Information

Standard status Active
Property subtype Multi-family

Units

Unit Mix 16 x 2BR/1BA
Multifamily Units 16

Amenities

on-site laundry
landscaped outdoor area

Building Details

Year Built 1974
Buildings 3
Listing Agency: Keller Williams Beverly Hills
Listed By: Zachary Freehling
Source: Sevengables
Added: Mar 7 Changed: Aug 31 Last Checked: Aug 31 at 7:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Beverly Hills

Investment Insights

Based on property information with market context.

Built in 1974, this 16-unit apartment property comprises three separate structures on a 22,214-square-foot lot. Every residence is configured as a two-bedroom, one-bathroom unit, and 8 apartments have undergone gut renovations that include updated kitchens and bathrooms, new flooring, recessed lighting, modern fixtures, and stainless steel appliances. On-site laundry and a landscaped outdoor area serve the existing tenancy.

The property is located at 176 W Ramona Street in Ventura’s historic Ventura Avenue district, approximately one mile from Downtown Ventura and 2.5 miles from the beach. The site may support approximately four additional ADUs by right. California State Rent Control applies, with annual rent increases currently allowed up to 7.7% in Ventura.

Key Highlights

  • 16 apartment units across three separate structures
  • 22,214 sq. ft. lot with potential for approximately four additional ADUs by right
  • 8 of 16 units gut renovated with updated kitchens, bathrooms, flooring, lighting, fixtures, and appliances

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Food Market Barber Shop (Bike/Boat/Book/etc) Store Auto Parts Store Storage Facility Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

6,114
Businesses Nearby

Demographics for 93001, CA

33,859
Population
14,705
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
96.6 sq mi
ZIP Area
351
Density / Sq Mi
$86,310
Median Household Income
$45,023
Median Earnings
$1,881
Median Rent
$760,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with renovated apartments, on-site laundry, and outdoor tenant amenities near Downtown Ventura and the beach.
Where is this apartment building located?
The property is located at 176 W Ramona Street Ventura, CA.
What is the asking price?
The asking price for this property is $4,999,000.
What are key features of this property?
This property features: 16 apartment units across three separate structures; 22,214 sq. ft. lot with potential for approximately four additional ADUs by right; 8 of 16 units gut renovated with updated kitchens, bathrooms, flooring, lighting, fixtures, and appliances
More about this property
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