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7/31/18
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A 20-unit apartment complex in San Marcos sold for $3.9 mil, or $195k/unit. The 16.7k sf property sits on a 30k sf lot at 180 Las Flores Dr, between Hollencrest Rd and Polley Dr.
The unit mix of the property consists of all two-bedroom/one-bath apartments with select units including balconies. Covered parking in a built-in carport and plenty of surface parking allow for easy tenant access.
The location provides easy driving access to the Ronald Packard Pkwy (Hwy 78) providing easy travel to the heart of San Marcos or neighboring Vista and allows for a 13-mile drive to the Pacific Ocean.
The buyer, Las Flores Apt LLC, was represented by Anton Burman of ACI. The seller, Wu Ching Y Tr Yu Hsueh Hsia Tr, was also represented by Burman.
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