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151 South Myers Street

Updated Dec 6, 2024

Neel Pujara Sells Multifamily Properties In Oceanside For $14.5 Million Represented By Angelo La Bruna
SOLDMultiFamily

Neel Pujara Sells Multifamily Properties In Oceanside For $14.5 Million Represented By Angelo La Bruna

151 South Myers Street, 203 South Myers Street, 211 South Myers Street & 217 South Myers Street

$14,500,000

$126/SF

Building Size

28,636 SF

Asset Type

MultiFamily

Closing

Nov 19, 2024

About this deal

AI

The assets involved in this transaction are five parcels located at 151, 203, 211 & 217 South Myers Street in Oceanside, California. The total sale price for the multifamily properties was $14,500,000. The combined square footage of the properties is 28,636, which results in a price per square foot of $506. The transaction includes 27 units, translating to a price per unit of $537,037.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $14,500,000
  • Units: 27
  • Square Footage: 28,636
  • Price Per Unit: $537,037
  • Price Per Square Foot: $506
  • Seller: Neel Pujara
  • Seller's Representative: Angelo La Bruna - Apartment Realty Group (ARG)
  • Market: Oceanside

The properties were sold in four separate transactions to individual and unrelated buyers. This indicates a strategic investment approach within the multifamily market in the Coastal Oceanside area, reflecting the dynamics of property ownership in diverse buyer interests.

On the Map

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$14,500,000

$126/SF

MultiFamily

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Players

Angelo La Bruna

Apartment Realty Group (ARG)

Broker

$94.5M

vol

16 deals

Broker
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Oceanside MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $126 per square foot on a published $14.5M for 114,544 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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