Shoreline Sale Sets a Record for Lake Elsinore
Vista Pacific Inc. recently acquired Shoreline, a 192-unit garden-style multifamily property in Lake Elsinore, CA, for $46 million. This sale sets a record for Lake Elsinore, according to brokers associated with the transaction.
Director Tyler Sinks and managing directors Ed Rosen and John Chu of Berkadia San Diego completed the sale on behalf of the seller, California-based Forge Partners.
“The sale of Shoreline represents a record sale price for the Lake Elsinore submarket and is another example of the insatiable demand for well-positioned multifamily assets in Southern California,” said Sinks.
Located at 15120 Grand Ave., Shoreline features one-, two- and three-bedroom floorplans. The property has access to Lake Elsinore, Interstate 15, and the shops and restaurants along Riverside Drive.
- ◦Sale/Acquisition