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398 Aliso Street

David & Amy Wilkinson Acquire Multifamily Property From Sam Simmons For $1.575M In Ventura
SOLDMultiFamily

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.

Players

Erik Egelko

Palm Tree Properties

Broker

$18.2M

vol

5 deals

Broker

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