Updated Oct 28, 2024
Afton Properties Acquires Multifamily Property In Oceanside For $74.1M
550 Los Arbolitos Boulevard, Oceanside, CA 92058
$74,100,000
$373/SF
Building Size
198,652 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
About this deal
AI
A multifamily property located at 550 Los Arbolitos Blvd in Oceanside has been sold for a total of $74,100,000. The property consists of 208 units, resulting in a price per unit of $356,250. The sale took place on July 30, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $74,100,000
- Address: 550 Los Arbolitos Blvd
- Market: Oceanside
- Buyer: Afton Properties
- Seller: 29th Street Capital of Chicago
- Units: 208
- Price per Unit: $356,250
The buyer, Afton Properties, acquired the property from the seller, 29th Street Capital of Chicago. The transaction was facilitated by Christopher J. Zorbas, Alexander Garcia, Jr., and Tyler J. Martin.
Players
Oceanside 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93