ARG Brokers $11M Sale of Oceanside Multifamily Portfolio
Apartment Realty Group (ARG) has brokered the sale of a 5 parcel, 24-unit multifamily portfolio in coastal Oceanside, CA. Oceanside Portfolio LLC, a San Diego-based private investor purchased the property from RGS Financial, LLC for $11 million.
Located on S. Myers Street, the portfolio consists of three parcels improved with apartments, a single family house and a vacant lot. The unit mix is comprised of four two-bedroom and 20 one-bedroom residences situated just 2 blocks from Oceanside City Beach.
ARG Vice President Angelo La Bruna, who brokered the deal, said, “Assets like the S Myers Portfolio do not come around very often. This transaction offered income producing units on 2/3rds of an acre right near the largest coastal development in San Diego in over 50 years. This was a deal that yielded favorable terms for the seller and provided the buyer an irreplaceable coastal asset.”
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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