The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 23, 2018
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Beachside Multifamily Properties in Oceanside Trade for $346k/Unit


Two beachside multifamily properties totaling 13 units in Oceanside recently sold for more than $4.5 mil ($346k/unit) combined. Glenn L. Goldman Family Trust sold the properties, located at 1312 and 1318 S. Pacific St, to separate buyers during July as the downleg to its reverse 1031 tax deferred exchange.

The properties were acquired by separate investors. Ray Adams and Clark Rorbach, multifamily specialists with Cushman & Wakefield’s San Diego office, represented the seller in both dispositions.

1312 S. Pacific St consists of a seven-unit property with three one-bed/one-bath units and four two-bed/two-bath units. The property was purchased for $2.7 mil by the Falk family, represented by Chase Sandrik of Acre Commercial.

1318 S. Pacific St is a six-unit building composed of all one-bed/one-bath units. The property was acquired for $1.835 mil by the Gamboa Family Trust, represented by Ron Mazzola of Mazzola Realty. The majority of units in both properties include garage parking.

The properties offer convenient access to a wide sandy beach and are just one block to Buccaneer Beach, which offers a beach snack bar, public park, basketball court, picnic tables, barbecue grills, and more. In addition to beach activities, the location is convenient to the bike rail trail, shopping, dining, and public transportation.

Ray Adams and Clark Rorbach with Cushman & Wakefield represented the seller in both dispositions. According to Adams, the expanding economic bases of San Diego, North County, and Orange County continue to put pressure on rental rates and property values in Oceanside. As such, with an attractive beachside setting, both properties are part of a rapidly appreciating housing market and present excellent cash flow potential.

Adams noted, “Nearby, downtown Oceanside has experienced a renaissance with new restaurants, micro breweries, luxury housing, and resort hotels under development. Plus, Oceanside transit center offers multiple train services and bus routes throughout the Southern California region.”

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2018 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media