18 Units | Oxnard | Loan Assumption
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The recent closing of 1200 North H Street, an 18-unit apartment community in Oxnard. This transaction exemplifies how proactive market analysis and strategic matchmaking can unlock significant value for property owners.
Seller Earned Modest Profit from 2021 Purchase
This transaction marks our team's second successful sale of this asset. We first sold it for $4,350,000 in 2021 after a full listing campaign. Now, four years later, our client has achieved a profitable resale of nearly $300,000. This is particularly noteworthy as they purchased near the 2021 market peak and sold in 2025's challenging high-interest-rate environment. This success highlights our team's ability to deliver strong client outcomes and was aided by the seller's attractive assumable loan and a roughly 25% increase in the property's Net Operating Income (NOI) since its 2021 acquisition.
Off-Market Sale with Broker Cooperation
Once the owner agreed, we engaged directly with the KW Commercial team. After a few months of negotiations, we agreed to a deal in mid March, backed by a $500,000 deposit, with intent to assume the property’s 3.45% Chase loan. The due diligence period proceeded smoothly. Routine physical inspections, typical for buildings of this era, identified minor issues (miscellaneous repairs and minor termite work), but none posed significant obstacles. These were resolved amicably through a modest credit, maintaining the transaction’s positive momentum toward closing. After the buyer removed all contingencies, a final amendment was signed before closing. This amendment slightly reduced the purchase price to $4,647,331.50.
Loan Assumption Details
Many buyers assume they can take over the full amount of an assumable loan, but this isn’t always true, especially in a higher-interest-rate environment. Lenders typically perform a “stress test,” underwriting the deal as if it were a new loan at current rates. They calculate the debt the property can...
