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Champion Real Estate Sells Oxnard And Los Feliz Multifamily Properties For $103M

Property Image
SOLD
$103,100,000
Adrienne Barr

California

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MultiFamily
Sold 08/01/2022
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Property Image
SOLD

Champion Real Estate Sells Oxnard And Los Feliz Multifamily Properties For $103M

3040 North Oxnard Boulevard, Oxnard, California 93036, United States

See Similar Deals
MultiFamily
Sold 08/01/2022
Adrienne Barr
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 3040 North Oxnard Boulevard in Oxnard and 5200 Franklin Avenue in Los Feliz has been sold in a recent transaction. The property, consisting of multiple residential units, was part of a closed sale deal.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $103,100,000

The seller in this deal was Champion Real Estate, specifically represented by Parker Champion. The transaction took place on 08/01/2022. The property, situated in the Oxnard and Los Feliz markets, was sold for a significant amount of $103,100,000.

Players

Adrienne Barr
12 deals$411.9M volume
BROKER

Mike Murphy
Berkadia
7 deals$538.3M volume
BROKER


SELLER

Details

SOLD
IMAGE: Parker Champion DATE: 08/01/2022 ADDRESS: 3040 North Oxnard Boulevard, 5200 Franklin Avenue MARKET: Oxnard, Los Feliz ASSET TYPE: Multifamily SELLER: Champion Real Estate - Parker Champion SALE PRICE: $103,100,000

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

$5,498,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$366,292.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$488,746.60
Annual Debt Service$5,864,959.19