[CEROS OBJECT]
investment opportunity
Berkadia Institutional Solutions is pleased to announce Ocean Crest, an exceptionally rare opportunity to acquire a value-add property with an exclusive Solana Beach address. Built in 1989, the 146-unit apartment community is located just one mile from the Pacific Ocean and is situated in a highly constrained location with only two institutionally sized multifamily buildings in the entire city. Solana Beach features some of the highest demographics, luxury home prices and top schools within all of San Diego County. Ocean Crest is walking distance to the beach, Del Mar Fairgrounds, Cedros Design District and numerous restaurants/bars. Ocean Crest represents a truly unmatched acquisition opportunity—a coastal, low-density value add asset located within one of the best performing and highest barrier to entry markets on the west coast.
INVESTMENT HIGHLIGHTS
PROPERTY DETAILS
1
Number of Units:
146
Just one mile from the Pacific Ocean
The only institutional sized value-add opportunity in Solana Beach
Within five minutes of North County Coastal’s best–Cedros, Flower Hill, One Paseo, and Del Mar Plaza
Only two institutionally sized multifamily properties in Solana Beach
Rare value-add opportunity in a coastal San Diego County submarket where average household incomes exceed $198,000
2
Average Unit Size:
940 SF
3
Loft Units:
47%
4
5
Prime Coastal San Diego Location
PHOTO GALLERY
Canopy
Canopy
873 Stevens Avenue, Solana Beach, CA 92075
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