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Encinitas Multifamily Deal Hits 14-Year High on Pricing
Marcus & Millichap closed the sale of Eucalyptus Apartments, a 26-unit apartment property located in Encinitas. According to Damon Wyler, regional manager of the firm’s San Diego Del Mar office, the asset sold for $13,119,000.
Executive managing director Christopher J. Zorbas and first VP Gary R. Weddle with The Zorbas Group in the San Diego Del Mar office marketed the property on behalf of the seller, The Kazandjian Family. The buyer, an affiliate of RAF Pacifica Group, was secured and represented by Zorbas and Weddle.
Eucalyptus Apartments is located at 1201 N Vulcan Ave in Encinitas. This sale represented the largest multifamily transaction in Coastal Encinitas in more than 14 years, according to Marcus & Millichap.
- ◦Sale/Acquisition




