OCEANSIDE, CA -– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Country Club Apartments, (top right photo) a 91-unit multi-family community in Oceanside. The sales price of $10.2 million represents $112,088 per unit.John L. Nguyen and Jonathan Mitchell, both vice president investments and directors of Marcus & Millichap’s National Multi Housing Group in Newport Beach, represented the seller, a private entity, as well as the buyer.
“Country Club Apartments presented an excellent value-added opportunity for the buyer, who has major renovations planne
d for the property and intends to convert it to affordable housing,” says Nguyen.
d for the property and intends to convert it to affordable housing,” says Nguyen. Located at 201 Country Club Lane, the 76,638-square foot apartment community consists of one two-story building situated on an 112,385-square foot lot, within close proximity to schools, shopping, public transportation and the beaches of Oceanside.
Country Club Apartments boasts a strong mix of one-, two- and three-bedroom units. Each unit has their own balcony and/or patio. The kitchens are equipped with electric ranges and ovens. Amenities include a beautiful courtyard, laundry room and tuck-under parking.
Press Contact: Stacey Corso
Communications Department
(925) 953-1716
Communications Department
(925) 953-1716
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