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Oxnard Portfolio Investment LP Purchases Multifamily Asset From Daniel Manzer For $6.97M

Property Image
SOLD
$6,971,057

California

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MultiFamily58,984 SF
Sold 09/04/2025
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Property Image
SOLD

Oxnard Portfolio Investment LP Purchases Multifamily Asset From Daniel Manzer For $6.97M

2951 Albany Drive & 3011 Albany Drive

See Similar Deals
MultiFamily58,984 SF
Sold 09/04/2025
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$118
Total Square Footage:58,984 SF
Transaction Type:Sale

The asset involved in the transaction is a multifamily property located at 2951-3011 Albany Drive in Oxnard. The sale was finalized for a price of $6,971,057, comprising 32 units within a total square footage of 29,492. The price per unit equates to $217,845, while the price per square foot stands at $236.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $6,971,057
  • Units: 32
  • Square Footage: 29,492
  • Price Per Unit: $217,845
  • Price Per Square Foot: $236
  • Seller: Daniel Manzer
  • Buyers: Jerry Marcil, Mason Rowland & Ryan Rembert - Oxnard Portfolio Investment LP
  • Seller's Representative: Nick Henry - Beachside Partners
  • Buyer's Representatives: Mason Rowland & Ryan Rembert - KW Commercial

The transaction involved notable individuals, with Daniel Manzer acting as the seller. The buyer group included Jerry Marcil alongside Mason Rowland and Ryan Rembert, representing Oxnard Portfolio Investment LP. Nick Henry served as the representative for the seller, while the buyer was represented by Mason Rowland and Ryan Rembert from KW Commercial.

Players

Ryan Rembert
11 deals$230.8M volume
BROKER

Mason Rowland
KW Commercial
11 deals$223.2M volume
BROKER

Nick Henry
2 deals$12.1M volume(805) 705-7311
BROKER

KW Commercial
BROKERAGE

Ryan Rembert
11 deals$230.8M volume
BUYER

Mason Rowland
11 deals$223.2M volume
BUYER

Details

SOLD
IMAGE: Nick Henry, Mason Rowland & Ryan Rembert DATE: 09/04/2025 ADDRESS: 2951-3011 Albany Drive MARKET: Oxnard ASSET TYPE: Multifamily SELLER'S REP: Nick Henry - Beachside Partners (@BeachsidePartners) BUYER'S REP: Mason Rowland (@Rembert_Rowland_cre) & Ryan Rembert - KW Commercial (@KW_Commercial) BUYER: Jerry Marcil, Mason Rowland & Ryan Rembert - Oxnard Portfolio Investment LP SELLER: Daniel Manzer SALE PRICE: $6,971,057 UNITS: 32 ~ PPU: $217,845 SF: 29,492 ~ PPSF: $236

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$371,789.70

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,766.70
Cash-on-Cash Return-1.27%
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