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    Ventura Multifamily Investment Opportunity Title is generated by Realmo AI

    176 W Ramona St, Ventura, CA 93001

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    Claim this Listing
    Pending
    $5,090,000

    MULTI_FAMILY - Ventura, CA

    Lot size:
    0.51 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    65
    Last Refresh:
    May 30 at 3:06 am

    Property Features for 176 W Ramona St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    32
    Bathrooms
    16
    Rooms
    Bathroom 10, Bathroom 5, Bedroom 31, Bedroom 6, Bathroom 14, Bedroom 20, Bedroom 18, Bedroom 21, Bedroom 26, Bedroom 32, Bedroom 29, Bathroom 2, Bedroom 28, Bathroom 3, Bedroom 5, Bathroom 7, Bedroom 14, Bathroom 9, Bathroom 11, Bedroom 30, Bedroom 2, Bedroom 17, Bedroom 10, Bedroom 8, Bedroom 12, Bathroom 1, Bedroom 13, Bedroom 27, Bedroom 16, Bedroom 22, Bedroom 4, Bathroom 13, Bedroom 7, Bedroom 24, Bedroom 3, Bedroom 25, Bedroom 11, Bedroom 23, Bathroom 12, Bedroom 15, Bathroom 8, Bathroom 15, Bathroom 4, Bathroom 16, Bedroom 1, Bedroom 19, Bathroom 6, Bedroom 9
    Parking
    16
    Parking features
    Covered
    Standard status
    Pending
    APN
    UNAVAILABLE
    Lot size
    0.51 Acres

    Utilities

    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1974
    Floors in Building
    2
    Number of units
    16

    We can help!

    Listing Contact
    Zachary Freehling

    Listing agent Zachary Freehling License #01879326

    Listing office Keller Williams Beverly Hills 439 N Canon Dr. Suite 300, Beverly HIlls, CA

    Listing date Mar 27, 2026

    MLS# 26670433 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Potential to build approximately four additional ADUs by right on a spacious 22,214 sq. ft. lot
    • Eight of the sixteen units are completely gut renovated with new kitchens and bathrooms, updated flooring, recessed lighting, modern fixtures, and stainless steel appliances
    • Located approximately one mile from Downtown Ventura and 2.5 miles from the beach
    • Subject to California State Rent Control, allowing for annual rent increases of up to 7.7%
    • On‑site laundry and landscaped outdoor area for tenants
    • Located in the historic Ventura Avenue district, surrounded by several pending development projects

    Overview

    This multifamily property in Ventura, California, presents a value-add investment opportunity. Situated on a 22,214 sq. ft. lot, the property has the potential to add approximately four additional Accessory Dwelling Units (ADUs). The property comprises 16 units, all of which are two-bedroom, one-bathroom layouts. Eight of these units have been completely renovated with 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 facilities and a landscaped outdoor area for tenants. Located approximately one mile from Downtown Ventura and 2.5 miles from the beach, the property is in the historic Ventura Avenue district, surrounded by several pending development projects. The location is experiencing a shortage of workforce housing and competing rental inventory. The property is subject to California State Rent Control, which allows for annual rent increases of up to 7.7% in Ventura.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ventura
    County
    Santa Clara
    State
    California
    Longitude
    -122.1653772
    Latitude
    37.4472549

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    FAQs

    What type of property is this?
    Apartment building - Value-add multifamily property with ADU potential near Downtown Ventura.
    Where is this apartment building located?
    The property is located at 176 W Ramona St Ventura, CA.
    What is the asking price?
    The asking price for this property is $5,090,000.
    What are key features of this property?
    This property features: Potential to build approximately four additional ADUs by right on a spacious 22,214 sq. ft. lot; Eight of the sixteen units are **completely gut renovated with new kitchens and bathrooms, updated flooring, recessed lighting, modern fixtures, and stainless steel appliances**; Located approximately one mile from Downtown Ventura and 2.5 miles from the beach
    (310) 592-0833
    We can help!
    Listing Contact
    Zachary Freehling
    Real Estate License ID: 01879326
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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