John E Burge

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Listing provided courtesy of Keller Williams Beverly Hills- MLS# 26670433MLS Provider

176 W Ramona StVentura, CA 93001

Multi-Family · 32 Beds
$5,090,000 Active

176 W Ramona St Overview

Time on Site:
94 days
Visits:
0

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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176 W Ramona St Facts & Features

  • Type Multi-Family

Details

General

Income/Expenses

  • Gross Income: 463113
  • Net Operating Income: 287406.00

Building Information

  • Year Built: 1974

Location/Region

  • Country: US
  • County Or Parish: Ventura
  • MLS Area Major: West of California to City Limits

General Information

  • Disclosures: None
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Total: 16.00
  • Bedrooms Total: 32

General Information

  • Cooling: Air Conditioning, Ceiling Fan
  • Heating: Wall
  • Levels: Two
  • Stories: 2

Exterior

Parking Information

  • Parking Total: 16

Lot Information

  • Lot Size Area: 22214
  • Lot Size Source: Assessor
  • Number Of Buildings: 3

General Information

  • Number Of Units Total: 16
  • Other Structures: None

176 W Ramona St Neighborhood

Community

93001 (Ventura) Demographics

39
Median Age
118
Population Density (per sq. mile)
45%
College Educated
$66,460
Estimated Median Income
5,435
Estimated Total Home Owners
7,220
Estimated Total Renters
43% / 57%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

176 W Ramona St Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

176 W Ramona St Market Data

Based on the last 30 days in this zip code

$1,835,968
Average List Price
$937
Average Price per Square Foot
19
Properties Sold
77
Average Days on Market
228
Properties for Sale
Calculations provided by Reliance Network

176 W Ramona St History

Date Event Value Agent
6/23/2026Source: CRMLS Status Change
Active
6/23/2026Source: TheMLS (CLAW) Status Change
Active
5/13/2026Source: CRMLS Status Change
Pending
5/13/2026Source: TheMLS (CLAW) Status Change
Pending
3/27/2026Source: CRMLS Added to Database
March 27, 2026
3/27/2026Source: TheMLS (CLAW) Added to Database
March 27, 2026
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