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32 Beds
16 Baths

$4,999,000

176 W Ramona Street, Ventura CA, 93001

Price per sqftN/A
Built in1974
Property typeResidential
Listed by Zachary Freehling CA DRE# 01879326 with Keller Williams Beverly Hills 310-592-0833

Overview

Active

Listed Mar 27, 2026

Updated 5 days ago

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.

$33,258/mo

Est. mortgage payment based on a $4,999,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26670433

Interior Features

Bedrooms
32
Bathrooms
16
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.51 Acres

Other Property Details

55+/Senior Community
No
MLS provider logo

Listed by Zachary Freehling CA DRE# 01879326 with Keller Williams Beverly Hills 310-592-0833

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/10/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/10/2026 at 3:14 AM UTC Last Checked: 3:14 AM UTC

 

 

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