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Foster Hamilton Acquires 132-Unit Oxford Terrace Apartments From Bob McElroy For $19.2M

Property Image
SOLD
$19,200,000

California

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MultiFamily
Sold 05/01/2025
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Property Image
SOLD

Foster Hamilton Acquires 132-Unit Oxford Terrace Apartments From Bob McElroy For $19.2M

555 Oxford Street

See Similar Deals
MultiFamily
Sold 05/01/2025

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in the transaction is a multifamily complex located at 555 Oxford Street, Chula Vista. The transaction was finalized at a sale price of $19,200,000, with a total of 132 units in the building, resulting in a price per unit of $145,455.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $19,200,000
  • Units: 132
  • Price per Unit: $145,455
  • Buyer: Foster Hamilton
  • Seller: Bob McElroy - Alpha Project
  • Broker: Marcus & Millichap

The deal was facilitated by broker Marcus & Millichap, reflecting a notable acquisition by Foster Hamilton's affiliate. This transaction involved the purchase of the Oxford Terrace apartments, which are categorized as an affordable housing complex.

Details

SOLD
IMAGE: Bob McElroy DATE: 05/01/2025 ADDRESS: 555 Oxford Street MARKET: Chula Vista ASSET TYPE: Multifamily BUYER: Foster Hamilton SELLER: Bob McElroy - Alpha Project BROKER: Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $19,200,000 UNITS: 132 ~ PPU: $145,455 NOTE: Foster Hamilton affiliate acquired the 132-unit Oxford Terrace apartments in Chula Vista for $19.2M ($145,455/unit) from Alpha Project. Marcus & Millichap brokered the deal for the affordable housing complex located at 555 Oxford St.

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