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398 Aliso Street

Updated Nov 6, 2025

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

About this deal

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.

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$1,575,000

$553/SF

MultiFamily

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Players

Erik Egelko

Palm Tree Properties

Broker

$18.2M

vol

5 deals

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Ventura MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $553 per square foot on a published $1.6M for 2,848 square feet (2025).

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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

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