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255 Sespe Avenue

Martin Zamora Acquires Fillmore Multifamily From Aman Gupta At $845,000
SOLDMultiFamily

Martin Zamora Acquires Fillmore Multifamily From Aman Gupta At $845,000

255 Sespe Avenue

$845,000

$313/SF

Building Size

2,700 SF

Asset Type

MultiFamily

Closing

Nov 16, 2023

AI

Located at 255 Sespe Avenue in Fillmore, this multifamily property was recently sold for $845,000. The property consists of three units, offering a price per unit of $281,667. Spanning across 2,700 square feet, the property has a price per square foot of $313. The transaction took place on November 16, 2023, and was completed in just 38 days.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $845,000
  • Address: 255 Sespe Avenue
  • Market: Fillmore
  • Buyer: Martin Zamora
  • Seller: Aman Gupta
  • Seller's Rep: Filip Niculete, Glen Scher, and Logan Ward (Logandub07) - LAAA Team - Marcus & Millichap
  • Total Units: 3
  • Price per Unit: $281,667
  • Square Feet: 2,700
  • Price per Square Foot: $313

The LAAA Team from Marcus & Millichap, represented by Filip Niculete, Glen Scher, and Logan Ward (Logandub07), played a crucial role in facilitating this transaction. Their expertise and dedication ensured the smooth completion of the deal, which closed at an impressive 99.4% of the list price. This bite-sized deal in Ventura County showcases the strong demand for multifamily properties in the market.

Players

Filip Niculete

Marcus & Millichap

Broker

$792.7M

vol

200 deals

Broker

Fillmore MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

18.77%

Cash-on-Cash

-5.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93