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MULTIFAMILY NEWS
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Escondido Apartment Asset Goes for Over $25 Mil

5/30/14

Palmilla, a 190-unit apartment complex in Escondido, recently sold for $25.65 mil ($135k/unit). Built in 1973, Palmilla is situated on nine acres at 776 East Mission Ave, just east of the intersection of I-15 and the 78 Fwy.

The community totals 190k sf and offers one-, two- and three-bedroom floor plans.
Amenities include three swimming pools, spa, fitness center and clubhouse. Unit amenities include large patios or balconies, walk-in closets, heating and air conditioning and covered parking.

The CBRE Multi-Housing team of Dixie Hall, Rachel Parsons and Kevin Mulhern represented the buyer, Conrad Prebys Trust, in the transaction.





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