176 W Ramona ST, Ventura, CA 93001
176 W Ramona ST, Ventura, CA 93001
176 W Ramona ST, Ventura, CA 93001
176 W Ramona ST, Ventura, CA 93001
176 W Ramona ST, Ventura, CA 93001
176 W Ramona ST, Ventura, CA 93001
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
Michael Plummer

Michael Plummer

+1(949) 478-1660
$ 4,999,000
Est. payment | /mo

32 Beds

16 Baths

0.51 Acres Lot

Save
$ 4,999,000
Est. payment | /mo
Save

32 Beds

16 Baths

0.51 Acres Lot

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
Michael Plummer

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 478-1660

michael@michaelplummergroup.com

28142 Haria, Mission Viejo, CA 92692, Mission Viejo, California 92692, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Michael Plummer Group, 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.

Go tour this home

176 W Ramona ST