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Ventura Multifamily Investment Opportunity

176 W Ramona St Ventura, CA 93001

176 W Ramona St, Ventura, CA, 93001
$5,090,000
For Sale
Claim this Listing
$5,090,000

MULTI_FAMILY - Ventura, CA

Lot Size0.51 Acres
AddedMar 27
Days on Market111
Last RefreshJul 15 at 11:06 pm

Property Features for 176 W Ramona St

General Information

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

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.


Investment Insights

Based on property information with market context.

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.

Key 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

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Food Market Barber Shop Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store Storage Facility Locksmith Grocery & Convenience Store Big Box & Wholesale Store Butcher

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

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
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