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Justin Egerer Acquires 18-Unit Multifamily In Oxnard For $4.35M

1200 North H. Street
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This MultiFamily property located in CA was sold for $4,350,000 over 2 years ago. The brokers of the deal were Glen Scher, Filip (Fil) Niculete, and Brandon Evans

A multifamily property located at 1200 North H. St. in Oxnard, Ventura County, has been sold for $4,350,000. The property consists of 18 units with a total square footage of 14,695. The sale price per square foot is $296, and the price per unit is $241,666. The Gross Rent Multiplier (GRM) is 12.69x, and the Capitalization Rate (CAP) is 4.63%.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,350,000
  • Units: 18
  • Price Per Unit: $241,666
  • Square Footage: 14,695
  • Price Per Square Foot: $296
  • Market: Oxnard

The buyer of the property is Justin Egerer, while the sellers are Jason Lo and Elaine Lo. The transaction was facilitated by brokers Filip Niculete, Glen Scher, and Brandon Evans from the LAAA Team at Marcus & Millichap.

This sale was a 1031 Exchange transaction. The property's financials at the time of sale included a cap rate of 4.63% and a GRM of 12.69x. The price per square foot was $296, while the price per unit was $241,666.

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Deals
  • Location
    1200 N H St, Oxnard, CA, USA1200 N H St, Oxnard, CA, USA
  • Sale Price
    $4,350,000$4,350,000
    $296 PPSF$296 PPSF
  • Area
    14,695 SF14,695 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Glen Scher

Glen Scher

Deals161
Sold$624.5M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Rosano Capital Partners

Rosano Capital Partners

Agency
Deals6
Volume$17.9M

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Deal Summary

SALE IMAGE: Glen Scher, Filip Niculete & Brandon Evans DATE: 10/01/2021 ADDRESS: 1200 North H. St. MARKET: Oxnard ASSET TYPE: Multifamily BUYER: Justin Egerer SELLER: Jason Lo & Elaine Lo BROKERS: Filip Niculete (@FNiculete), Glen Scher (@ScherGlen) & Brandon Evans (LAAA Team) (@LAAATeam) - Marcus & Millichap SALE PRICE: $4,350,000 UNITS: 18 ~ PPU: $241,666 SF: 14,695 ~ PPSF: $296 GRM: 12.69x CAP: 4.63% NOTE: 18 Units. Oxnard. Ventura County 1031 Exchange Buyer Numbers at Sale Price 4.63% CAP. 12.69 GRM $296 per SqFt. $242k per Unit

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1200 North H. Street

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