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North River Club Apartments Sold

Investors Purchase 56-Unit Property
By Raoul Padilla
March 24, 2005 | 3:56 P.M.

Mitchell & Zora McDonald Trust, c/o Padre Properties, acquired the North River Club Apartments in Oceanside, CA. Built in 1984, the 56-unit complex is at 4520 North River Road. The property offers 12 one-bed/one-bath units, 40 two-bed/one-bath units and 4 three-bed/one and a half bath units. The buyer paid $5.35 million or $95,535 per unit for the 44,468-square-foot complex.

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