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California Investor Purchases Five-Property Multifamily Portfolio

The Oxnard, California, Sale Encompassed About 126,085 Square Feet

California Investor

The apartments at 200-220 E. Yucca St. Oxnard, California, were part of a five-property portfolio sale. (CoStar)

By Alexa Alatis

March 27, 2024 | 3:16 P.M.

An expansive, five-property multifamily portfolio in Oxnard, California, was plucked off the market for $41.78 million, or just about $261,114 per unit. Palos Verdes Investments, a California-based investor and developer, purchased the properties from a private individual using a 1031 exchange.

All said, the properties encompass a total of 126,085 square feet at 540-600 W. Channel Islands Blvd., 1201 N. G St., 1140 N. H St., 1250 N. H St. and 200-220 E. Yucca St.  All five properties were built between the late 60s and early 70s. 

For the Record

Ryan Rembert, Mason Rowland and Josh Feldman of KW Commercial SoCal, represented both the seller and the buyer in this transaction. 

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