Colliers International San Diego Region this week announced the sale of the Garden View Apartments, a 56-unit multifamily property in Escondido for $14,450,000.
Peter Scepanovic and Corey McHenry of Colliers International San Diego Region’s Multi-Family Advisory Team represented the undisclosed seller. Wonder Dog Realty represented the undisclosed buyer.
The Garden View Apartments are located at 250 Rose Street, Escondido, CA. The total 3-building, 39,200-square foot property features a mix of 32 one-bedroom/one-bathroom units and 24 two-bedroom/one-bathroom units. The exteriors of the property and nearly all the unit interiors recently underwent significant renovations.
“With sweeping mountain views for nearly half of the units, expansive patios and large balconies, the property is well-positioned to meet high renter demand,” said Scepanovic. “This property will continue to be a strong, stabilized investment in one of the region’s top performing markets for the new ownership.”