Mauricio Hernandez & Monica K. Hernandez Acquire Oxnard Multifamily Property For $1.25M

A multifamily property located at 3305 South A St. in Oxnard, California has been sold for a record-breaking price of $1,250,000. The property consists of four units with a total square footage of 4,152. This translates to a price per square foot of $301. The sale price per unit is $313,000. The sale generated a lot of interest, with a total of 10 offers received. The property sold for $55,000 above the listed price, indicating strong demand in the market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,250,000
• Address: 3305 South A St.
• Market: Oxnard

The buyer of the property is Mauricio Hernandez and Monica K. Hernandez, while the seller is Hong V. Mach and Mai Mach. The transaction was facilitated by brokers Filip Niculete and Glen Scher of Marcus & Millichap LAAA Team. The sale represents an all-time record for a four-unit property in Oxnard. The property has a capitalization rate (CAP) of 3.82% and a gross rent multiplier (GRM) of 15.65x.