Just Closed: 5 Units | Port Hueneme, CA

Details

  • Price: 1,050,000
  • Cap Rate: 5.73%
  • GRM: 10.96
  • Cost per SF: $297.20
  • Cost per unit: $210,000
  • Year Built: 1963
  • Square Footage: 3,533
  • Lot Size: 6,029 SF
  • Units: 5
  • No. Stories: 2
  • Parking: 6
  • Transaction Type: Sold/Closed
  • Property Type: Multifamily
  • Zoning: R2
  • APN/Parcel ID: 207-0-311-165

Just Closed: The Wynema | Port Hueneme, CA

Invest in Results

lucrumre.com

Agents: Raymond A. RodriguezMatt FreedmanScotty Weisstein

Team: Lucrum Real Estate Group

Highlights:

+ Exclusively listed & sold by Lucrum
+ Multiple offers generated
+ Sold at 97% of list price
+ AB1482 5%+CPI rental increases
+ Represented Both Seller & Buyer –  Lucrum Legacy Partners

Congratulations to our valued clients on their latest acquisition of The Wynema, a 5-unit multifamily investment property located at 861 Jane Dr. in Port Hueneme, CA 93041. Lucrum represented both the Seller and Buyer in this transaction.

The Seller, a Lucrum Legacy Partner, whom we sold the building to, desired to sell and 1031 Exchange into a larger value-added multifamily investment property.

We developed a marketing campaign that highlighted the investment’s value-add and rental upside potential. We built and shared a custom website with interested parties that offered easy access and review of everything needed for an investor to become familiar with and consider the opportunity. Through this process, we were able to attract the best buyers for the property and generate multiple offers.

The Buyer, a private investor and first time Lucrum Client, desired to diversify his multifamily investment portfolio by acquiring an apartment building located in Ventura County that he could self-manage.

Regardless of interest rates or market conditions, Lucrum continues to successfully help clients sell and buy investment real estate. We have our finger on the pulse of the market and accurately advise our clients on how to price and position their properties for sale to generate multiple offers and the highest possible value.

We thank ALL involved that helped contribute to a smooth closing!

We love helping our clients accomplish their goals and improve their lives. Contact us and be a part of our next real estate success story!!!

By: Lucrum
December 27, 2022

Sales Team

Raymond A. Rodriguez IV

Founding PartnerMultifamily Investment Sales
866.582.7865 ray@lucrumre.com CA License: 01402283 Download Bio

Mathew Gates Freedman

PartnerCommercial Real Estate Sales
818.585.6888 matt@lucrumre.com CA License: 01487954 Download Bio

Scotty Weisstein

PartnerMultifamily Investment Sales
818.205.8847 scotty@lucrumre.com CA License: 01483264 Download Bio

Sales Team

Raymond A. Rodriguez IV

Founding PartnerMultifamily Investment Sales
866.582.7865 ray@lucrumre.com CA License: 01402283 Download Bio

Mathew Gates Freedman

PartnerCommercial Real Estate Sales
818.585.6888 matt@lucrumre.com CA License: 01487954 Download Bio

Scotty Weisstein

PartnerMultifamily Investment Sales
818.205.8847 scotty@lucrumre.com CA License: 01483264 Download Bio

Details

  • Price: 1,050,000
  • Cap Rate: 5.73%
  • GRM: 10.96
  • Cost per SF: $297.20
  • Cost per unit: $210,000
  • Year Built: 1963
  • Square Footage: 3,533
  • Lot Size: 6,029 SF
  • Units: 5
  • No. Stories: 2
  • Parking: 6
  • Transaction Type: Sold/Closed
  • Property Type: Multifamily
  • Zoning: R2
  • APN/Parcel ID: 207-0-311-165

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