Las Positas

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale Las Positas (the "Property"), a 213-unit core multi-housing opportunity located in the Springville East master-planned community in Camarillo, CA.

Completed in 2019, Las Positas, a LEED Gold Certified building, introduced a new standard of Class A living to Camarillo. The Property features a unique mix of one-bedroom units (25% of unit mix) and large two-bedroom floor plans (75% of unit mix), with an average unit size of ±1,011 SF, meeting the needs of Camarillo's suburban renter pool. Lastly, Las Positas represents a rare opportunity to own a core asset in Camarillo: in the last 10 years, only one (1) other asset has traded and only three (3) 100+ unit communities have been built.

Renters are attracted to Camarillo due to its inherently safer communities and cleaner environment relative to the City of Los Angeles, while still being close to nearby employment hubs. Of the 16 new construction assets in Ventura County, Las Positas ranks 2nd in density (du/ac) and 3rd in average unit size, positioning it as an ideal alternative to homeownership as mortgage rates continue to be elevated. Across Las Positas' 15 buildings, each spacious home comes equipped with high-end modern interiors consisting of luxury vinyl and wood plank flooring throughout the living, kitchen, and bathroom areas, stainless steel GE appliances, a porcelain subway tile backsplash, quartz countertops, and in-unit GE washers and dryers. As a result of this high-quality living experience, the Property has averaged ±96% occupancy since 2022, with trailing 90-day lease-trade-outs of ±7.9% and ±4.8% for new and renewal leases, respectively (as of 6/25/25).