401-433 W Ramona St - Apartments FOR SALE


Ventura, CA 93001
$9,370,155 USD
310-367-7611
401-433 W Ramona St, Ventura, CA for Sale
$9,370,155 USD
Apartments - FOR SALE
1/3
null | 5.73% Cap Rate

401-433 W Ramona St
Ventura, CA 93001


HIGHLIGHTS

  • Large Family-Oriented Unit Mix
  • No Rent Control
  • Value-Add Opportunities

OVERVIEW

401–433 W.? Ramona Street is a 17-unit multifamily investment opportunity located in Ventura's highly supply-constrained rental market.? The property consists of approximately 21,840 square feet situated on a ±0.82-acre parcel and is currently operating at full occupancy.? Built in 1972 and zoned R3-5 (Multiple Family Residential), the asset offers investors a stable income stream with significant long-term upside through rent growth, unit renovations, operational efficiencies, and potential density enhancements.? Immediate operational stability.? Strong rental market supports continued rent growth.?

FOR SALE DETAILS

PRICE

$9,370,155 USD

PRICE/SF

$446 USD /SF

# OF UNITS

17

PRICE/UNIT

$551,186

CAP RATE

5.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,915 SF

ZONING

R3-5, Ventura

APN/PARCEL ID

071-0-010-490

ASK ABOUT THIS PROPERTY

Gil CorberColliersMore Info
310-367-7611

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Gil CorberColliersMore Info
310-367-7611

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