August 2, 2017 Comments Off on Encinitas MF Acquired for Record $53M Views: 790 California News, San Diego

Encinitas MF Acquired for Record $53M

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Encinitas Heights, a garden-style multifamily property located in Encinitas, CA, was acquired by San Diego-based Property West Residential for $53 million. Berkadia’s Ed Rosen, John Chu, Kyle Pinkalla and Erin Dammen represented the seller.

The 120-unit, institutional-quality asset is located at 1100 Garden View Rd., affording convenient access to the nearby beach community, Cardiff by the Sea, Encinitas Ranch Town Center, Downtown Encinitas and Encinitas Ranch Golf Course.

“Encinitas Heights was built in 2002, making it the newest multifamily project within the highly desirable residences of Encinitas, CA,” Rosen said. “This local investor has paid a record-setting highest price-per-unit in Encinitas, prior to even factoring in the community’s affordable units.”

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