David & Amy Wilkinson Acquire Multifamily Property From Sam Simmons For $1.575M In Ventura
398 Aliso Street
$1,575,000
$553/SF
Building Size
2,848 SF
Asset Type
MultiFamily
Closing
Oct 23, 2025
AI
The property asset involved in this transaction is a multifamily unit located at 398 Aliso Street in the Ventura market. The sale price was $1,575,000 for a total of 2 units, resulting in a price per unit of $787,500. The total square footage of the asset is 2,848 square feet, leading to a price per square foot of $553.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,575,000
- Units: 2
- Price per Unit: $787,500
- Square Footage: 2,848
- Price per Square Foot: $553
- Buyer: David & Amy Wilkinson
- Seller: Sam Simmons
- Seller's Representative: Erik Egelko - Palm Tree Properties
This transaction highlights the key individuals involved: the buyer for this sale is David & Amy Wilkinson, while Sam Simmons acted as the seller. The seller's interests were represented by Erik Egelko from Palm Tree Properties throughout the deal.
Ventura MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93