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Age-Restricted Apartment Complex Sells for $35M
Buena Vida at Town Center, a 115-unit age-restricted multifamily community in Rancho Santa Margarita, CA has been sold for nearly $35 million. The property, built in 2006 on three acres at 30824 La Miranda, is across the street from Central Park near the Santa Margarita Parkway.
The luxury three-story apartment building features one and two-bedroom floor plans. Community amenities include a resort-style saltwater swimming pool, spa, fitness center, movie theater, library, game room and business center.
Marcus & Millichap’s Tyler Leeson and Alex Mobin represented the seller, a private investor. Leeson, Mobin and David Yeh procured the undisclosed buyer.
Leeson says, “Situated within one of the strongest performing submarkets in Orange County, Buena Vida at Town Center enjoys limited competition as it is one of only two age-restricted apartment communities delivered in the area over the last 20 years.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




