Marcus & Millichap Brokers Sell Thousand Oaks Multifamily Property For $1.116M With Glen Scher & Filip Niculete As REP

The multifamily property located at 2661 Los Robles Rd in Thousand Oaks was recently sold for $1,116,000. The property consists of 3 units, with a price per unit of $372,000. The total square footage of the property is 1,912, resulting in a price per square foot of $583. The Gross Rent Multiplier (GRM) for this property is 13.60.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $1,116,000
• Address: 2661 Los Robles Rd
• Market: Thousand Oaks
• Units: 3
• Price per Unit: $372,000
• Square Footage: 1,912
• Price per Square Foot: $583
• Gross Rent Multiplier (GRM): 13.60

The transaction was facilitated by Glen Scher and Filip Niculete from Marcus & Millichap, along with Angie Churchill from RE/MAX Gold Coast. The property was built in 1947 and underwent renovations in 2017, making it a turn-key property. The market of Thousand Oaks offers a high barrier to entry, and the transaction received significant interest, with 21 offers generated. Additionally, there is potential to add an Additional Dwelling Unit (ADU) to the property.