Just Closed: 5 Units | Port Hueneme, CA

Details

  • Price: $965,000
  • Cap Rate: 5.25%
  • GRM: 12.23
  • Cost per SF: $273.14
  • Cost per unit: $193,000
  • Year Built: 1963
  • Square Footage: 3,533
  • Lot Size: 6,029 SF
  • Units: 5
  • No. Stories: 2
  • Parking: 5 spaces
  • Transaction Type: Sold
  • Zoning: R2
  • APN/Parcel ID: 207-0-311-165

Just Closed: 861 Jane Dr. | Port Hueneme, CA

Invest In Results | Grow Your Legacy

– lucrumre.com

 

Agents: Raymond A. Rodriguez | Mathew Freedman | Scotty Weisstein

Team: Lucrum Real Estate Group

 

Lucrum Group is proud to announce the closing of a 5 unit multifamily investment property in Port Hueneme, CA.

Lucrum represented both the Seller and Buyer in this off-market transaction. The Seller’s motivation to sell was driven by a desire to retire and move out of state. The Buyer’s motivation has always been to add additional value-added assets to his real estate portfolio.

Thank you to our clients for choosing us to represent their interests and to everyone who helped make this sale possible, especially during such challenging times presented by Covid-19. This is proof that when people are reasonable and cooperative, a successful outcome is always possible!

Contact us and be a part of our next real estate success story!!!

 

Sales Team

Raymond A. Rodriguez IV

Founding PartnerMultifamily Investment Sales
866.582.7865 [email protected] CA License: 01402283 Download Bio

Matt Freedman

PartnerCommercial Real Estate Sales
818.585.6888 [email protected] CA License: 01487954 Download Bio

Scotty Weisstein

PartnerMultifamily Investment Sales
818.205.8847 [email protected] CA License: 01483264 Download Bio

Sales Team

Raymond A. Rodriguez IV

Founding PartnerMultifamily Investment Sales
866.582.7865 [email protected] CA License: 01402283 Download Bio

Matt Freedman

PartnerCommercial Real Estate Sales
818.585.6888 [email protected] CA License: 01487954 Download Bio

Scotty Weisstein

PartnerMultifamily Investment Sales
818.205.8847 [email protected] CA License: 01483264 Download Bio

Details

  • Price: $965,000
  • Cap Rate: 5.25%
  • GRM: 12.23
  • Cost per SF: $273.14
  • Cost per unit: $193,000
  • Year Built: 1963
  • Square Footage: 3,533
  • Lot Size: 6,029 SF
  • Units: 5
  • No. Stories: 2
  • Parking: 5 spaces
  • Transaction Type: Sold
  • Zoning: R2
  • APN/Parcel ID: 207-0-311-165

Similar Posts

Equitable Rent: What Investors Need to Know About LA City’s Proposed RSO Changes

Market News

For multifamily investors in Los Angeles, staying ahead of regulatory changes is … Continue reading Equitable Rent: What Investors Need to Know About LA City’s Proposed RSO Changes

Read more

Proposition 33 Rejected: What It Means for California’s Multifamily Housing Market

Market News

California’s recent vote on Proposition 33 has once again highlighted the ongoing … Continue reading Proposition 33 Rejected: What It Means for California’s Multifamily Housing Market

Read more

Multifamily Market Could Be in Position to Rebound

Market News

The multifamily real estate market has seen significant instability in recent years, … Continue reading Multifamily Market Could Be in Position to Rebound

Read more

Gain Valuable Insight

You need to be informed about changes in legislation, economic developments, and current events to protect your interests and assets.

SUBSCRIBE NOW