$2,600,000
SOLD FEB 24, 2025

473-477 W Ramona St Ventura, CA 93001

Westside Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.76 Acres

Recently Sold

2% Below List Price

About This Home

As of February 2025

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 2024, 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.

Last Agent to Sell the Property

Craig Lieberman

Apartment Investment Specialists License #00682741 Listed on: 11/11/2024

Apartment Investment Specialists

Last Buyer's Agent

Craig Lieberman

Apartment Investment Specialists License #00682741 Listed on: 11/11/2024

Apartment Investment Specialists

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,397

Year Built

  • Built in 1926

Parking

  • Garage
  • Uncovered Parking

Listing and Financial Details

  • Assessor Parcel Number 071-0-010-340

Community Details

Overview

  • 15 Units

Building Details

  • Operating Expense $78,448
  • Gross Income $206,700
  • Net Operating Income $121,818

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,397

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1926
  • Income Expenses Annual Income: 206700.0
  • Capitalization Rate: 4.6
  • Gross Rent Multiplier: 12.8
  • Annual Expenses: 78448.0
  • ResoLaundryFeatures: None
  • Garage Yn: Yes
  • Property Information Year Built2: 1926
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Uncovered: Yes
  • Parking Info Garages: Yes
  • IncomeExpenses NOI2: 121818
  • Status Information Seller Concessions3: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features: Garages, Uncovered

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 071-0-010-340
  • Zoning: Other

Multi Family

  • Number Of Units Total: 15
  • Annual Gross Income: 206700.0
  • Annual Operating Expense: 78448.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2024
Sold by
Riverside Street Partners
Bought by
Ramona Riverside Llc
Current Estimated Value
$2,632,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,820,000
Interest Rate
6.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2004
Sold by
Wade Charles B and Blake Wade S
Bought by
Riverside Street Partners

Purchase Details

Closed on
Apr 19, 1995
Sold by
Home Svgs Of America
Bought by
Wade Charles B and Blake Wade S

Purchase Details

Closed on
Jan 20, 1995
Sold by
Home Svgs Of America Fsb
Bought by
Home Svgs Of America Fsb
Source: Public Records

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Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,600,000 Fidelity National Title
Quit Claim Deed -- --
Grant Deed -- --
Trustee Deed $326,250 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,820,000 New Conventional
Previous Owner $600,000 Negative Amortization
Previous Owner $550,000 Negative Amortization
Previous Owner $500,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2025 02/24/25 Sold $2,600,000 -1.9% --
11/11/2024 11/11/24 Pending -- -- --
11/11/2024 11/11/24 For Sale $2,650,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,397 $664,434 $377,910 $286,524
2024 $7,397 $651,426 $370,500 $280,926
2023 $7,309 $638,673 $363,235 $275,438
2022 $6,818 $626,170 $356,113 $270,057
2021 $6,691 $613,912 $349,130 $264,782
2020 $6,628 $607,629 $345,551 $262,078
2019 $6,508 $595,735 $338,776 $256,959
2018 $6,402 $584,075 $332,134 $251,941
2017 $6,271 $572,643 $325,622 $247,021
2016 $6,152 $561,436 $319,238 $242,198
2015 $6,088 $553,020 $314,444 $238,576
2014 $5,992 $542,209 $308,286 $233,923
Source: Public Records

Agents Affiliated with this Home

  • Craig Lieberman

    Seller's Agent in 2025

    Craig Lieberman

    Apartment Investment Specialists

    (805) 687-5557

    1 in this area

    25 Total Sales

    Craig Lieberman
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-3703

Santa Barbara Multiple Listing Service

APN: 071-0-010-340

California Ventura County Ventura 93001 Westside

473-477 W Ramona St, Ventura, CA

This home is located at 473-477 W Ramona St, Ventura, CA 93001 and is currently priced at $2,600,000. This property was built in 1926. 473-477 W Ramona St is a home located in Ventura County with nearby schools including Sheridan Way Elementary School, De Anza Academy Of Technology And The Arts, and Ventura High School.

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