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401-433 W Ramona St 17 Unit Apartment Building $9,370,155 ($551,186/Unit) 6.80% Cap Rate Ventura, CA 93001
Investment Highlights
- Large Family-Oriented Unit Mix
- Value-Add Opportunities
- No Rent Control
Executive Summary
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.?
Property Facts
| Price | $9,370,155 | Apartment Style | Low-Rise |
| Price Per Unit | $551,186 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.82 AC |
| Cap Rate | 6.80% | Building Size | 21,000 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 1.24/1,000 SF |
| Zoning | R3-5, Ventura | ||
| Price | $9,370,155 |
| Price Per Unit | $551,186 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| Sale Condition | 1031 Exchange |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 21,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | R3-5, Ventura |
Amenities
Unit Amenities
- Cable Ready
- Washer/Dryer Hookup
- Kitchen
- Range
- Tub/Shower
- Carpet
- Double Pane Windows
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 5 | - | 1,150 |
| 4+2 | 12 | - | 1,300 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 071-0-010-490 | Improvements Assessment | $2,699,001 |
| Land Assessment | $1,161,592 | Total Assessment | $3,860,593 |
Property Taxes
Parcel Number
071-0-010-490
Land Assessment
$1,161,592
Improvements Assessment
$2,699,001
Total Assessment
$3,860,593
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401-433 W Ramona St