401-433 W Ramona

401–433 W. Ramona Street is a 17-unit multifamily investment opportunity located in Ventura’s highly supply-constrained rental market. The property spans approximately 21,000 square feet 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 provides investors with a stable in-place income stream and meaningful long-term upside through rent growth, unit renovations, and operational efficiencies. Additionally, the zoning may offer potential for increased density, subject to city approvals. The property benefits from immediate operational stability and is well-positioned within a strong rental market that supports continued rent growth. Ventura’s attractive quality-of-life fundamentals—including proximity to the coast, historic downtown, and abundant recreational amenities—support sustained tenant demand.

Ongoing investment and revitalization efforts within the downtown core further enhance the area’s appeal, while convenient access to Santa Barbara and the greater Los Angeles region broadens its renter base. The property also captures demand from renters priced out of nearby coastal markets such as Santa Barbara and portions of Los Angeles County. Overall, the asset’s infill location and strong market dynamics create a compelling, risk-adjusted investment opportunity.

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