132-138 W Ramona St - Apartments FOR SALE


Ventura, CA 93001
$2,350,000 USD
707-332-5204
132-138 W Ramona St, Ventura, CA for Sale
$2,350,000 USD
Apartments - FOR SALE
1/19
null | 5.4% Cap Rate

132-138 W Ramona St
Ventura, CA 93001


HIGHLIGHTS

  • Four bungalow style units + two BRAND NEW fully permitted ADUs, constructed in 2025. Two units include a private yard.
  • 3 of the original 4 bungalows have been renovated to include new flooring, fixtures, appliances, custom tiled bathrooms, new and landscaping.
  • Comprised of 4 (1+1) and 2 (3+1) units
  • All units commanding strong rents.
  • Approximately 1-mile to Downtown Ventura and 2.5 miles to the beach.
  • Located in historic Ventura Avenue district and flanked by pending development projects underway.

OVERVIEW

This charming six-unit property consists of four bungalow-style units and two brand-new, fully permitted ADUs constructed in 2025. The unit mix includes four 1-bedroom/1-bath and two 3-bedroom/1-bath homes, with two units offering private yards. Three of the original bungalows have been extensively renovated with new flooring, fixtures, appliances, custom-tiled bathrooms, modern vanities, and fresh landscaping. Located in the historic Ventura Avenue district just one mile from Downtown Ventura and 2.5 miles from the beach, the property is surrounded by ongoing development and benefits from strong rental demand. Ventura faces a severe shortage of workforce housing, while most new supply targets luxury renters at premium pricing.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$705 USD /SF

# OF UNITS

6

PRICE/UNIT

$391,667

CAP RATE

5.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,252 SF

ZONING

R35, Ventura

APN/PARCEL ID

071-0-061-400

ASK ABOUT THIS PROPERTY

Tyler FarrarKW Commercial Beverly HillsMore Info
707-332-5204

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Tyler FarrarKW Commercial Beverly HillsMore Info
707-332-5204

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.