8/22/2007

Oxnard, Calif., apartment complex draws $11.4 million

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5300 S. J St.

Baltimore-based asset management firm Legg Mason paid $11.4 million for the 85-unit Dolphin Bay Apartments complex in Oxnard, Calif., on Aug. 22.

Marcus & Millichap represented both Legg Mason and the seller, Los Angeles-based Brentwood Holdings LP.

Built in 1970, Dolphin Bay Apartments is located at 5300 S. J St. in Oxnard, approximately 60 miles northwest of Los Angeles. The complex, which offers one-, two- and three-bedroom units, covers 79,117 square feet and features a pool, fitness center and laundry facilities.

Legg Mason has over $992 billion in assets located worldwide.

Marcus & Millichap is a provider of investment real estate brokerage services. In 2006, the company closed more than $20.5 billion of investment transactions

Address: 5300 S. J St., Oxnard, Calif.

Size: 79,117 square feet

Built: 1970

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Filed Under: Multi-Family

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