Pending

176 W Ramona Street

Ventura, CA 93001
Mark as Favorite
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.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $5,090,000

AD Id : 76533947

MLS Id : 26670433

Beds : 32

Lot Size : 22,214 Sqft

Year Built : 1974

County : Ventura

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedrooms: 32

    Bathroom Information

    Total Baths: 16 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Refrigerator
  • Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1974

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.51
  • Lot Size Source: Assessor Lot Size Square Feet: 22214

  • Listing Price Information

    Original List Price: 5,090,000 Listing Contract Date: 2026-03-27
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: UNAVAILABLE

  • Garage and Parking

    Garage Description: Covered,Uncovered

    Homeowners Association

  • Other Property Info

    Source Listing Status: Pending Source Neighborhood: VC21 - West of California to City Limits Directions: One building in from the southeast corner of N Olive St and W Ramona St Source Property Type: Residential Income Area: VC21 - West of California to City Limits
  • Building and Construction

    Property Age: 52 Year Built Source: Assessor Levels or Stories: Two Building Total Stories: 2
Sell a home like this and save $304,901 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
505 Briarwood Terrace, Ventura, CA, 93001 $1,450,000 3 1 2,075 2,075 SqFt
2456 Sherwood Drive, Ventura, CA, 93001 $1,459,000 3 1 1,496 1,496 SqFt
2381 Hyland Avenue, Ventura, CA, 93001 $1,150,000 3 2 1,380 1,380 SqFt
1215 Anchors Way Drive .., Ventura, CA, 93001 $667,000 3 1 1,944 1,944 SqFt
293 Jordan, Ventura, CA, 93001 $1,133,000 3 1 1,537 1,537 SqFt
8624 Nye Road, Ventura, CA, 93001 $650,000 2 2 2,376 2,376 SqFt
2920 Seahorse Avenue, Ventura, CA, 93001 $2,049,000 3 2 1,570 1,570 SqFt
1215 Anchors Way Drive #9, Ventura, CA, 93001 $675,000 3 2 1,523 1,523 SqFt
9097 N N Ventura Avenue.., Ventura, CA, 93001 $214,000 1 1 672 672 SqFt
457 Coronado Street, Ventura, CA, 93001 $1,250,000 4 3 1,710 1,710 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/17/2026 @ 18:09

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

Selling? Save $304,901 when you sell a home like this

Tour with a ByOwner Agent