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16-Unit Apartment Property with Renovations
For Sale
$4,999,000

176 W Ramona St, Ventura, CA 93001

Residential Income, Ventura, CA

Property SizeContact for details
Lot Size0.51 Acres
Days on Market168

Property Features for 176 W Ramona St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 32
Bathrooms 16
Full bathrooms 1
Rooms Bathroom 5, Bathroom 16, Bathroom 8, Bedroom 2, Bedroom 12, Bedroom 3, Bedroom 14, Bedroom 28, Bedroom 18, Bathroom 15, Bedroom 8, Bathroom 4, Bedroom 13, Bedroom 16, Bedroom 27, Bedroom 23, Bedroom 29, Bedroom 9, Bedroom 17, Bedroom 32, Bathroom 3, Bedroom 30, Bedroom 5, Bathroom 14, Bedroom 20, Bedroom 31, Bedroom 25, Bedroom 24, Bathroom 12, Bedroom 19, Bedroom 22, Bathroom 6, Bathroom 10, Bathroom 9, Bedroom 10, Bathroom 11, Bedroom 21, Bathroom 13, Bedroom 26, Bathroom 1, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 11, Bedroom 15, Bathroom 7, Bedroom 7, Bedroom 1
Parking 16
Parking features Covered
Directions One building in from the southeast corner of N Olive St and W Ramona St
Subdivision West of California to City Limits
Standard status Active
APN UNAVAILABLE
Lot size 0.51 Acres

Utilities

Cooling system Ceiling Fan(s)

Amenities

on-site laundry
landscaped outdoor area

Building Details

Year built 1974
Floors in Building 2
Number of units 16
Listing Agency: Keller Williams Beverly Hills · Keller Williams Realty
Listed By: Zachary Freehling · License #01879326
Added: Mar 27 Changed: Sep 9 Last Checked: Sep 10 at 7:06AM
MLS# 26670433

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.

The property contains 16 two-bedroom, one-bathroom apartments arranged across three separate structures on a 22,214-square-foot lot. Eight units have undergone complete interior renovations, including new kitchens and bathrooms, updated flooring, recessed lighting, modern fixtures, and stainless steel appliances. Additional features include on-site laundry, covered parking, ceiling fans, and a landscaped outdoor area.

The property is located in Ventura’s historic Ventura Avenue district, approximately one mile from Downtown Ventura and 2.5 miles from the beach. The site encompasses 0.51 acres and may support the construction of 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 two‑bedroom, one‑bathroom apartment units across three separate structures
  • 8 units completely gut renovated with new kitchens, bathrooms, flooring, lighting, fixtures, and appliances
  • Approximately 22,214‑square‑foot lot with potential for approximately four additional ADUs by right

Property Analytics

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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

860
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Three-building apartment property with renovated units, covered parking, on-site laundry, and landscaped tenant space.
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 $4,999,000.
What are key features of this property?
This property features: 16 two‑bedroom, one‑bathroom apartment units across three separate structures; 8 units completely gut renovated with new kitchens, bathrooms, flooring, lighting, fixtures, and appliances; Approximately 22,214‑square‑foot lot with potential for approximately four additional ADUs by right
More about this property
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