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
114,544 SF
Asset Type
MultiFamily
Closing
Nov 19, 2024
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.
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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93