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401 W Ramona Street

Ventura, CA 93001
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Bed 55

Bed

Bath 30

Bath

SqFt21,840

Sqft

SqFt35,719

Sqft(Lot)

401433 W. Ramona Street is a 17-unit multifamily investment opportunity located in Ventura's highly supply-constrained rental market. The property consists of approximately 21,840 square feet situated on a 0.82-acre parcel and is currently operating at full occupancy. Built in 1972 and zoned R3-5 (Multiple Family Residential), the asset offers investors a stable income stream with significant long-term upside through rent growth, unit renovations, operational efficiencies, and potential density enhancements. Immediate operational stability. Strong rental market supports continued rent growth.Investment highlights% Occupied Coastal California Multifamily Asset Stabilized 17-unit apartment community with strong in-place cash flow in one of Southern California's most supply-constrained renta l markets.Large Family-Oriented Unit Mix Consists primarily of spacious 3-bedroom and 4-bedroom units, a highly desirable product type with limited competing inventory in Ventura.Strong Rent Growth Potential Opportunity to increase rents through interior renovations, utility reimbursement programs (RUBS), ancillary income, and continued market appreciation. Ventura continues to experience housing shortages and elevated rental demand.No Local Rent Control Advantage Ventura is not subject to the more restrictive rent-control regulations found in many California coastal markets, providing greater operational flexibility for ownership.Value-Add Income Opportunities Existing garages, carports, and gated parking areas may provide additional revenue opportunities through storage, parking income, or operational enhancements.Large 0.82-Acre Site Significant land component for a 17-unit asset, offering long-term redevelopment, density, or ADU potential subject to city approvals and zoning requirements.Gated Community with On-Site Management Features Attractive tenant amenities include gated access, on-site management capabilities, garages, carports, and washer/dryer hookups.Inflation Hedge Through Residential Real Estate Multifamily assets in coastal California have historically benefited from strong occupancy, recurring rent growth, and limited new housing supply.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $8,995,000

AD Id : 90977477

MLS Id : 26959445

Beds : 55

Lot Size : 35,719 Sqft

Living Area Size : 21,840

Year Built : 1972

County : Ventura

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Feature Features

  • Bedroom Information

    Total beds: 55

    Bathroom Information

    Total Baths: 30
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace

  • Building Information

    Year Built: 1972
    Building Area Total: 21840
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 35719 Lot Size Acres: 0.82 Lot Size Square Feet: 35,719

  • Listing Price Information

    Listing Price: $8995000

  • Tax Information

    Parcel Number: 0710010490

  • Location Information

    Direction: From US-101, exit Ventura Ave. and head south. Turn west on W Ramona St. Property is on the north side of Ramona St., between Ventura Ave. and N Olive St.
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9097 N N Ventura Avenue.., Ventura, CA, 93001 $199,500 1 1 672 --
1215 Anchors Way Drive .., Ventura, CA, 93001 $719,000 2 2 1,619 1,537.67 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 09/08/2026 @ 00:14

MLS: 26959445 LISTED BY: Gil Corber, Propnation, Inc. 310-367-7611 SOURCE: CRMLS

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