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151 South Myers Street

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

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.

Players

Angelo La Bruna

Apartment Realty Group (ARG)

Broker

$88.6M

vol

14 deals

Broker

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