176 W Ramona ST, Ventura, CA 93001
176 W Ramona ST, Ventura, CA 93001
176 W Ramona ST, Ventura, CA 93001
10
See all 10 photos
$4,999,000
Est. payment /mo
Save
32 Beds
16 Baths
0.51 Acres Lot
Price Dropped by $91K

176 W Ramona ST Ventura, CA 93001

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Darren Wade

Darren Wade

+1(559) 312-7467

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26670433

Bedrooms 32

HOA Y/N No

Year Built 1974

Lot Size 0.510 Acres

Property Description

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.

Location

State CA

County Ventura

Area Vc21 - West Of California To City Limits

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Covered, Uncovered

Total Parking Spaces 16

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID UNAVAILABLE

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Zachary Freehling Keller Williams Beverly Hills #01879326

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Darren Wade

Darren Wade

Broker Associate | License ID: 01910957

+1(559) 312-7467

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from STRIVE Real Estate Group | Real Brokerage, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

I agree to be contacted by Strive Network Inc. via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary.  Terms of Service and Privacy Policy

1. We use SMS to confirm appointments, send reminders, and notify clients of schedule updates or important changes. 
 
2. You can cancel the SMS service at any time. Just text "STOP". After you send the SMS message "STOP" to us, we will send you an SMS message to confirm that you have been unsubscribed. After this, you will no longer receive SMS messages from us. If you want to join again, just sign up as you did the first time, and we will start sending SMS messages to you again. 
 
3. If you are experiencing issues with the messaging program, you can reply with the keyword “HELP” for more assistance, or you can get help directly at [admin@strivehome.com]. 
 
4. Carriers are not liable for delayed or undelivered messages. 
 
5. As always, message and data rates may apply for any messages sent to you from us and to us from you. Message frequency may vary. If you have any questions about your text plan or data plan, it is best to contact your wireless provider.
 
 6. If you have any questions regarding privacy, please read our privacy policy: [LINK TO PRIVACY POLICY]. 

Go tour this home

176 W Ramona ST