Property West Residential Acquires Oceanside Multifamily For $110M

The multifamily property located at 4795 Frazee Rd. in Oceanside has been sold for a total of $110,000,000. The transaction took place on 08/16/2021. The property, consisting of 284 units, was acquired by Property West Residential from the seller, FPA Multifamily. The sale price results in a per unit price of $387,324.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $110,000,000
• Address: 4795 Frazee Rd.
• Market: Oceanside

The buyer, Property West Residential, successfully completed the acquisition with the assistance of brokers Christopher J. Zorbas, Tyler Martin, and Alexander Garcia Jr. from Institutional Property Advisors. Marcus & Millichap, represented by Christopher J. Zorbas, Tyler Martin, and Alexander Garcia Jr., facilitated the deal on behalf of the seller, FPA Multifamily.