186 Bell Way - Prime Coastal Ventura Near Beach & Downtown 8 Unit Apartment Building Offered at $4,500,000 at a 4.88% Cap Rate Ventura, CA 93001

186 Bell Way is a newly built (2023) 8-unit multifamily asset situated on Ventura’s desirable west side, offering an exceptional blend of location, quality, and long-term investment potential. Originally developed as an eight-unit live/work property, the City of Ventura has recently approved the conversion to eight fully residential apartment units, creating a more traditional multifamily investment with strong long-term appeal.
The property features a highly desirable unit mix of (3) 3-bedroom/2.5-bath units, (4) 3-bedroom/1.5-bath units, and (1) 4-bedroom/3-bath unit. The property has been meticulously maintained and features beautifully landscaped grounds, 18 covered parking spaces, and larger-than-average apartment homes with functional layouts designed for modern living. These spacious floor plans position the property to command premium rental rates while appealing to a broad tenant base.
Ideally located just five minutes from Ventura’s beaches and vibrant Downtown Ventura, the property offers convenient access to shopping, dining, cafés, entertainment, parks, schools, and major employment centers. Ventura’s exceptional coastal lifestyle, historic downtown, and abundant recreational amenities continue to support strong tenant demand, stable occupancy, and long-term rental growth. Convenient access to Santa Barbara and the greater Los Angeles region further expands the renter pool, while the property’s competitive rental pricing attracts residents seeking an alternative to higher-cost coastal markets.
Combining modern construction, an attractive unit mix, and a premier coastal location, 186 Bell Way represents a compelling investment opportunity in one of Southern California’s most desirable multifamily markets.