Oxford Terrace Apartments in Chula Vista, built in 1972, sold for $19.2 million

Oxford St Chula Vista Photo courtesy of Google Street View Oxford Terrace a -unit apartment complex in Chula Vista has been sold for million according to a brokerage The property at Oxford St is the largest affordable multi-family asset to deal in San Diego County in the last five years according to the broker Marcus Millichap Oxford Terrace will continue to provide residents of Chula Vista with a well amenitized affordable society for generations to come stated Christopher J Zorbas executive managing director in Marcus Millichap s San Diego Del Mar office Tom McCartin senior vice president investments in the office added that the new ownership plans on preserving the affordability component while enhancing the living experience through interior and exterior upgrades Zorbas and McCartin represented the seller Alpha Project The buyer a developer that was a subsidiary of Foster Hamilton was procured by Zorbas McCartin and Graeme Henderson a senior associate in the firm s San Diego Del Mar office The gated affordable society built in features a low-density configuration with one-bedroom one-bath units two-bedroom one-bath units and three bedroom one-and-a-half bath units Common area amenities at the site a Low-Income Housing Tax Credit property include a basketball court playground picnic and BBQ areas computer lab laundry facilities on-site management -hour maintenance and on-site parking Oxford Terrace is located within two blocks of Chula Vista High School Costco Target and Walmart Marcus Millichap NYSE MMI is a commercial real estate brokerage firm specializing in assets sales financing research and advisory services