Marcus & Millichap Facilitates Sale Of Grand East Oak Apartments In Ojai For $8.25M

The property involved in the transaction is a multifamily asset located at 601 Grand Avenue & 516 Oak Street in Ojai, CA. The total sale price for this property was $8,250,000, which encompasses 32 units with a price per unit of $257,812. The square footage of the property is 24,708, yielding a price per square foot of $333.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,250,000
• Units: 32
• Price Per Unit: $257,812
• Square Footage: 24,708
• Price Per Square Foot: $333
• Date of Transaction: 12/23/2025
• Market: Ojai

The brokers representing the transaction were Logan Ward, Glen Scher, and Filip Niculete from Marcus & Millichap. The LAAA Team successfully marketed the property, resulting in eight written offers and enabling a smooth closing with the first buyer, despite obstacles related to property insurance and financing. This sale represents the LAAA team's 14th transaction within Ventura and Santa Barbara County.