Units: 64 · Sale price: $8,450,000 · Price per unit: $132,031 · Closed: October 2014
A 64-unit larger multifamily property at Oxnard Portfolio in Oxnard, sold October 2014 for $8,450,000 — approximately $132,031 per unit.
2014 was an active year for LA multifamily — deepening buyer pool, increasing transaction volume, cap rates compressing steadily in core submarkets.
Oxnard is Ventura County multifamily, outside LA City and LA County regulatory regimes.
Larger multifamily at this scale draws institutional and private equity capital with deeper underwriting processes and longer hold horizons.
This transaction is part of the Sterman Multifamily Group closed archive — $1.41 billion across 254 closed transactions over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
$1.41 billion across 254 closed transactions.
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