Marcus & Millichap arranged the sale of the 85-unit Dolphin Bay Apartments in Oxnard, Calif.

The value of the transaction was approximately $10.5 million.

Dolphin Bay Apartments is located at 5300 South J St. The class B community was constructed in 1970. The property’s unit mix includes 20 one-bedroom/one-bath units, 55 two-bedroom and 10 three-bedroom apartments.

Thousand Oaks, Calif.-based Dolphin Bay Partners sold the property to Millenium Holdings Inc., a Los Angeles-based investment group.

At the time of sale, occupancy was 95 percent.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.

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