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Personal Trust Sells 62-Unit Terra Oceanside Apartments In Oceanside For $18.3M
SOLD
$18,300,000
+ 1
California
See Similar DealsMultiFamily
Sold 07/03/2025
SOLD
Personal Trust Sells 62-Unit Terra Oceanside Apartments In Oceanside For $18.3M
3970 Waring Road
See Similar DealsMultiFamily
Sold 07/03/2025
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
The Terra Oceanside apartments, a multifamily asset, consists of 62 units located at 3964 & 3970 Waring Road in Oceanside. The property was sold for $18,300,000, which translates to a price per unit of $295,161.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $18,300,000
- Units: 62
- Price Per Unit: $295,161
- Address: 3964 & 3970 Waring Road
- Market: Oceanside
The transaction involved a personal trust as the seller and a limited liability company as the buyer. The deal was brokered by Tyler Leeson, Drew Holden, Matthew Kipp, and David Yeh from Marcus & Millichap, representing both sides of the transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$976,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,016.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,751.34
Annual Debt Service$1,041,016.03
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