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Investors Pay $15.8M for Terra Oceanside Apts

Pacific Urban Residential Sells 62-Unit Multifamily Property
February 28, 2018
California-based private investors, acquired the 62-unit Terra Oceanside Apartments at 3964-3970 Waring Rd. in Oceanside, CA from Pacific Urban Residential for $15.8 million, or approximately $255,000 per unit.

The multifamily property delivered in 1980 and totals 53,094 square feet. Amenities include a fitness center, picnic areas and on-site maintenance.

Tyler Leeson and Matthew Kipp of Marcus & Millichap represented the buyer. Christopher Zorbas of Marcus & Millichap represented the seller.

Please see CoStar COMPS #4124488 for more information on this transaction.
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