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176 W Ramona Street

Ventura, CA 93001
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Bed 32

Bed

Bath 0

Bath

SqFt22,214

Sqft(Lot)

This value-add investment opportunity offers the potential to build approximately four additional ADUs by right on a spacious 22,214 sq. ft. lot, providing significant future upside. The property consists entirely of two-bedroom, one-bathroom units, with 8 of the 16 units already completely gut renovated featuring 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 as well as a landscaped outdoor area for tenants to enjoy. Ideally located approximately one mile from Downtown Ventura and just 2.5 miles from the beach, the property sits in the historic Ventura Avenue district and is surrounded by several pending development projects. Ventura is curre ntly experiencing a severe shortage of workforce housing and competing rental inventory, while most new developments in the area are luxury-oriented and command premium rents. The property is subject to California State Rent Control, which currently allows for annual rent increases of up to 7.7% in Ventura, providing investors with steady income growth potential.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $5,090,000

AD Id : 76533947

MLS Id : 26670433

Beds : 32

Lot Size : 22,214 Sqft

Year Built : 1974

County : Ventura

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Feature Features

  • Bedroom Information

    Total beds: 32

    Bathroom Information

    Total Baths: 16
  • Interior Features

    Appliances: Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Wall Furnace

  • Building Information

    Year Built: 1974
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 22214 Lot Size Acres: 0.51 Lot Size Source: Assessor Lot Size Square Feet: 22,214

  • Listing Price Information

    Listing Price: $5090000

  • Tax Information

    Parcel Number: UNAVAILABLE

  • Location Information

    Direction: One building in from the southeast corner of N Olive St and W Ramona St
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Nearby Home Value

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293 Jordan, Ventura, CA, 93001 $1,100,000 3 2 1,537 1,537 SqFt
2920 Seahorse Avenue, Ventura, CA, 93001 $1,949,000 3 2 1,570 1,570 SqFt
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9097 N N Ventura Avenue.., Ventura, CA, 93001 $199,500 1 1 672 672 SqFt
1215 Anchors Way Drive .., Ventura, CA, 93001 $719,000 2 2 1,619 1,619 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/16/2026 @ 06:02

MLS: 26670433 LISTED BY: Zachary Freehling, Keller Williams Beverly Hills 310-432-6400 SOURCE: CRMLS

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