17-Unit Apartment
401 W Ramona Street, Ventura, CA 93001
For Sale
New
$8,995,000
Gated residences feature a unit mix weighted toward three- and four-bedroom layouts.
Property Size21,840 SF
Lot Size0.82 Acres
Price / SF$411.86
Days on Market2
Property Features for 401 W Ramona Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Amenities
gated access
on-site management capabilities
garages
carports
washer/dryer hookups
true
30
55
35719
0.82
Assigned,Carport
21840
4
Building Details
Building Size
Year Built
Stories
Listing Agency:
Propnation, Inc.
(310) 367-7611
Listed By:
Gil Corber · License CA #01378982
Source:
Vhpbrokers
Added: Nov 13
Changed: Nov 14
Last Checked: Nov 14 at 1:35AM
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 Propnation, Inc.
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Investment Insights
Based on property information with market context.
This 17-unit apartment property in Ventura comprises approximately 21,840 square feet on a 0.82-acre parcel. Built in 1972, the community is currently fully occupied and zoned R3-5. Most residences have three or four bedrooms, and the property includes gated access, garages, carports, and washer/dryer hookups. On-site management capabilities are also noted.
Located at 401 W Ramona Street, the property combines apartment units with parking and storage features across its site.
Located at 401 W Ramona Street, the property combines apartment units with parking and storage features across its site.
Key Highlights
- 17 apartments; currently fully occupied
- Approximately 21,840 square feet on a 0.82‑acre parcel
- Most units have 3 or 4 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$345,225
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,904,500
$6.9M
Cap Rate 7%
$4,931,786
$4.9M
Cap Rate 9%
$3,835,833
$3.8M
Market Conditions
NOI Build-Up for 21,840 SF
Gross rent
$655.2K $30.00/SF
− Vacancy
−$27.5K −$1.26/SF
EGI
$627.7K $28.74/SF
− OpEx
−$282.5K −$12.93/SF
NOI
$345.2K $15.81/SF
Area
Ventura County, CA
Vacancy
4.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,904,500
Cap Rate 7%
$4,931,786
Cap Rate 9%
$3,835,833
Alternative Uses
Best Use
Apartment 5plus
$4.93M
$4.32M – $5.75M
NOI $345,225 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.50M
$6.56M – $8.75M
NOI $524,831 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
17
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
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
Properties on Market for Apartment buildings in Ventura County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Gated residences feature a unit mix weighted toward three- and four-bedroom layouts.
Where is this apartment building located?
The property is located at 401 W Ramona Street Ventura, CA.
What is the asking price?
The asking price for this property is $8,995,000.
What are key features of this property?
This property features: 17 apartments; currently fully occupied; Approximately 21,840 square feet on a 0.82‑acre parcel; Most units have 3 or 4 bedrooms
