Overview

• Cypress Point, located at 1241 Cypress Point Lane near Highway 101, traded for roughly $373,134 per unit.
• Institutional Property Advisors represented the seller and sourced the buyer, with Joseph Grabiec, Kevin Green and Gregory Harris leading the assignment.
• Completed in 1990, the 14-acre community spans 28 two-story buildings and has averaged 97.6 percent occupancy over the past five years.
• The asset ranks among just four Ventura multifamily properties of 250 units or more to change hands in the past decade.
• Yardi Matrix reports nearly $833 million in Los Angeles-area multifamily sales through July 2025 with an average price of $308,244 per unit, and a recent regional comp includes MG Properties’ $144 million purchase of a 314-unit Anaheim asset.