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12/13/24
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In a recent multifamily comp from north San Diego County, ORKA Holdings purchased El Jugador, a 15-unit property in Oceanside. Although we don’t have the price, we can tell you that the purchase was financed with a $4 mil acquisition loan.
El Jugador, nestled at 221 S Nevada St, offers residents a prime location just six blocks from the city's expansive sandy beaches. The property provides easy access to downtown Oceanside's vibrant dining, shopping and nightlife scene, while its strategic position near the Oceanside Transit Center ensures convenient transportation options. With close proximity to I-5, El Jugador combines coastal living with urban connectivity making it an ideal choice for those seeking a balanced lifestyle.
Built in 1970, El Jugador features a mix of two- and three-bedroom townhomes situated on a 14.3k sf lot. The property includes 12 garages and offers ocean views from its rear units.
Aldon Cole and Brad Vansant with JLL Capital Markets arranged a short-term floating rate loan to be used towards the purchase price and the substantial renovation work planned for the property. El Jugador represents ORKA’s sixth San Diego investment for 2024.
Oceanside, a growing coastal city in San Diego County, has seen increasing popularity among Southern California beach enthusiasts. The area offers a variety of outdoor activities, including volleyball, sailing, surfing, running, biking and golf. New housing and hotel developments are enhancing the neighborhood and driving excitement in the local real estate market.
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