473 477 W Ramona Street
Ventura, CA 93001
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- 1926 build
- – on site
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The subject property consists of 15 residential units, all of which contain 390 sq. ft. each (5,863 total sq ft), with all units contained within eight building structures (seven duplexes and one building housing one additional unit) built in 1926. Parcel size is approximately 33,105 sq ft. This building spatial configuration provides for a large open area currently used by tenants as open area, but is available for the following ADU additions. On September 19th of this year, SB 1211 was signed into law, which affords an owner of a multifamily property the ability to secure entitlements for the same number of ADUs as the existing residential units, up to a maximum of 8 ADUs.The property currently generates $17,225 ($1,148/unit average) for a total gross annual rental income of $206,700, making the financial metrics a 12.8 GRM & a 4.6% cap rate.
Last checked:
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Last updated Feb 24, 2025
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MLS# V1-26683 —
The Building
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Year Built:1926
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Year Built Source:Public Records
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Total Number Of Units:15
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# of Buildings:7
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Common Walls:No Common Walls
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# of Separate Gas Meters:15
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# of Separate Water Meters:1
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# of Separate Electric Meters:15
Interior
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Fireplace:No
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Fireplace:None
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Laundry:None
Location
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Directions:On the corner of W Ramona Street and Riverside Street
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Latitude:34.29139000
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Longitude:-119.30490500
The Property
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Property Type:Residential Income
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Lot Features:Sprinklers None
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Lot Size Area:33105.0000
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Lot Size Acres:0.7600
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Lot Size SqFt:33105.00
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Lot Size Source:Public Records
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View:None
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Fencing:Stucco Wall
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Fence:Yes
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:0710010340
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Appliances
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Appliances:None
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Included:No
The Community
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Subdivision:Ventura: Other
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Subdivision:Ventura: Other
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Features:Street Lights, Sidewalks
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
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Assessments:None
Parking
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Parking:Yes
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Parking:Garage
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Parking Spaces:20.00
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Garage Spaces:15.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/24/25
Feb 24, 2025
|
Sold | CRMLS_CA | $2,600,000 |
