Justin Egerer Acquires 18-Unit Multifamily In Oxnard For $4.35M

A multifamily property located at 1200 North H. St. in Oxnard, Ventura County, has been sold for $4,350,000. The property consists of 18 units with a total square footage of 14,695. The sale price per square foot is $296, and the price per unit is $241,666. The Gross Rent Multiplier (GRM) is 12.69x, and the Capitalization Rate (CAP) is 4.63%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,350,000
• Units: 18
• Price Per Unit: $241,666
• Square Footage: 14,695
• Price Per Square Foot: $296
• Market: Oxnard

The buyer of the property is Justin Egerer, while the sellers are Jason Lo and Elaine Lo. The transaction was facilitated by brokers Filip Niculete, Glen Scher, and Brandon Evans from the LAAA Team at Marcus & Millichap.

This sale was a 1031 Exchange transaction. The property's financials at the time of sale included a cap rate of 4.63% and a GRM of 12.69x. The price per square foot was $296, while the price per unit was $241,666.