Oxnard apartments change hands

Millenium grabs 85 units

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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. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....