Northmarq’s Los Angeles office brokers $12.55 million sale of Hacienda Villas in Ventura, California

Hacienda Villas

LOS ANGELES, CALIFORNIA (September 30, 2022) – Jeff Benson, managing director, and Sam Neumark, senior vice president of Northmarq’s Los Angeles investment sales office, secured the $12.55 million sale of Hacienda Villas. The 34-unit/2-story multifamily property is located at 10829 Del Norte Street, Ventura, California.

“The sellers completed their value-add business plan for the property over the last three-plus years and are planning to conduct a 1031 exchange with the proceeds. This property was a perfect fit for the Buyer’s acquisition criteria as he owns and operates multiple properties throughout the Ventura market,” said Benson.

Built In 1977, the garden style Hacienda Villas entails Spanish architecture with charming accents throughout. Situated in the highly active East Ventura, the property is within minutes of top-level school districts, shopping centers, and parks, featuring a walking path that outlines the complex. Each pet friendly unit highlights an original arched doorway between the kitchen and living room along with a private patio.

Community amenities include: Outdoor pool, spa, grill with picnic area, on-site property manager, on-site maintenance, community wide Wi-Fi, and renters insurance program. Apartment amenities include: Vinyl flooring, carpeted bedrooms, linen closet, patio, washer/dryer hookup, ceiling fans, storage space, and surface parking space.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit

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