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  • 176 W Ramona Street

176 W Ramona Street, Ventura, CA 93001

$5,090,000 Approx. USD 32 beds, 16 baths
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Photo of Reyne Stapelmann

Reyne Stapelmann REALTOR® - Broker Associate 805-705-4353 m
805-879-8091 o
Lic#: 01347808
NRDS ID: 199502233
reyne@homesinsb.com Text Me
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Lic#: 01347808
NRDS ID: 199502233
reyne@homesinsb.com Santa Barbara Office
3868 State St
Santa Barbara, CA 93105
Phone: 805-687-2666
Fax: 805-563-0053
 Santa Barbara 3868 State St
Santa Barbara, CA 93105
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Listing Agent


Zachary Freehling | zac@pacificpartnersla.com
Lic#: 01879326
Broker: Courtesy of Keller Williams Beverly Hills
Phone: 310-592-0833

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 26670433
Price: $5,090,000
Beds: 32
Baths: 16
Built in 1974
2 stories
0.51 acres
Lot size: 0.5100
County: Ventura
Appliances: Refrigerator
Parking description: Covered,Uncovered
Heating description: Wall Furnace
MLS area: VC21 - West of California to City Limits

Last Updated: 5/13/2026

 Days On Market (DOM): 47

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This listing belongs to the VC21 - West of California to City Limits MLS area

Lat/Long: 34.289894, -119.301041.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Reyne Stapelmann

Reyne Stapelmann REALTOR® - Broker Associate 805-705-4353 m
805-879-8091 o
Lic#: 01347808
NRDS ID: 199502233
reyne@homesinsb.com Text Me
Call My Cell
Call My Office
Lic#: 01347808
NRDS ID: 199502233
reyne@homesinsb.com
Santa Barbara Office
3868 State St
Santa Barbara, CA 93105
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