Bunny Maxim

Your Central Coast Realtor
MLS #26670433 image #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.
Current real estate data for Single Family in Ventura as of Apr 05, 2026
166
Single Family Listed
84
Avg DOM
566
Avg $ / SqFt
$1,324,327
Avg List Price

Property Details

Price:
$5,090,000
MLS #:
26670433
Status:
Active
Beds:
32
Baths:
16
Type:
Single Family
Neighborhood:
vc21westofcaliforniatocitylimits
Listed Date:
Apr 4, 2026
Lot Size:
22,214 sqft / 0.51 acres (approx)
Year Built:
1974
Vc21 – West Of California To City LimitsVc21westofcaliforniatocitylimits

Schools

Interior

Appliances
RF
Heating
WL
Levels
U

Exterior

Parking Spots
16
Parking Total
16

Financial

Gross Operating Income
$449,219
Net Operating Income
$287,406

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Subdivisions in Ventura

Property Summary

    176 W Ramona ST Ventura CA is a Single Family for sale in Ventura, CA, 93001. It is listed for $5,090,000 and features 32 beds, 16 baths, and has approximately 0 square feet of living space, and was originally constructed in 1974. The average price per square foot for Single Family listings in Ventura is $566. The average listing price for Single Family in Ventura is $1,324,327.

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I have been a successful Real-Estate Broker for 40+ years. My continued success is attributed to my vast clientele and their loyalty. When I meet a new client, I make them my top priority. YOU always come first! I will work diligently to ensure that the you find the perfect home for your special needs and most importantly to assure a smooth closing. I will do what ever it takes.

It’s because of my hard work and dedication to my clients that my business continues to grow. But rest assure…

More About Joanie
176 W Ramona ST
Ventura, CA

When you think of Real Estate, think of Bunny Maxim and Expect the Best!

We specialize in Residential, Commercial, Lots/Land and Investment Property in the Central Coast of California including the following areas:

  • Santa Maria
  • Orcutt
  • Los Alamos
  • Lompoc
  • Buellton
  • Solvang
  • Santa Ynez
  • Nipomo
  • Arroyo Grande
  • Oceano
  • Grover Beach
  • Pismo Beach
  • San Luis Obispo
  • Paso Robles

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125 E. Clark Ave

Orcutt, CA 93455

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Pismo Beach, CA 93449

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