176 W Ramona Street, Ventura, CA — listing photo 1
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FOR SALE

176 W Ramona Street

Ventura, CA 93001
32 Beds
16 Baths
22,214 Lot Sq Ft
Built 1974
$4,999,000
Price ReducedWas $5,090,000 — $4,999,000 (-$91,000)

Property Overview

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 currently 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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Home Details

Property type
Residential Income
Year built
1974
Lot size
22,214 sq ft
Parking
16 spaces
Stories
2
Days on market
118
MLS status
Active

Features & Amenities

Appliances

  • Refrigerator

Parking

  • Covered
  • Uncovered

Community, Schools & Utilities

Utilities

Heating
WallFurnace
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Location & Neighborhood

176 W Ramona Street

Ventura, CA 93001

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Frequently Asked Questions About 176 W Ramona Street

Property type: Residential Income

The current asking price is $4,999,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 176 W Ramona Street. Our team will confirm availability and timing.
This 32 bedrooms and 16 bathrooms property offers the living space reported in the listing. It was built in 1974. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Ventura, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Ventura property.
The MLS currently reports the property as Active. It has been listed for 118 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Zachary Freehling
MLS ID: CLW-C112686

Available property

$4,999,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.