What's Happening in Oceanside, CA…

A national real estate company announced recently it has represented the buyer of an apartment complex in Oceanside.

Cushman & Wakefield suggested that the Goldman Family Trust sell the apartments at 202 South Nevada Street in the city's downtown, which comprise twelve units. The purchaser was Home 619, LLC, which paid $3.8 million. Home Rebate's Brian Yui represented Home 619, while Clark Rorback and Ray Adams of Cushman & Wakefield represented the seller.

Rorback and Adams are experts in multifamily homes, and intend to combine the proceeds of this transaction with others to create one multifamily investment. In order to conduct this transaction, the purchaser first sold eight condominiums in other areas.

Rorback described the complex as a multifamily building that is transit oriented, and features a range of units with one or two bedrooms. Each unit has a one-car garage, and there are laundry services on the property. In addition, some of the apartments have private balconies or patios. The complex also has a new roof. Brochure printing is often used to illustrate the amenities of projects like this.

The apartments are well located so that residents can walk to the beach, shops, entertainment venues, and the city's transit center. It also features quick access to I-5 and to the downtown area, where more new shops, breweries, restaurants, and entertainment areas are opening, and the city is also undertaking beautification efforts.