Oxford Parkside Apartments Sold For $13.6 Million In Davis California With Marcus & Millichap

Oxford Parkside Apartments is a 63-unit multifamily property located at 1424 Wake Forest Drive in Davis, California. The asset sold for $13.6 million, which is approximately $215,873 per unit. The total square footage of the property is 40,068, resulting in a price per square foot of $339. The property sits on 1.5 acres and had remained under the same ownership for more than 40 years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,600,000
• Units: 63
• Price per Unit: $215,873
• Square Footage: 40,068
• Price per Square Foot: $339
• Address: 1424 Wake Forest Drive
• Market: Davis, CA
• Acres: 1.5

The transaction was represented by Tony DeLoney, Dusty Haeling, David DeLoney, and Isaak Heitzeberg from Marcus & Millichap, who handled the deal for both the buyer and the seller. The buyer has plans for extensive renovations, including unit upgrades, landscaping, balcony improvements, and exterior enhancements.