Marcus & Millichap Arranges $18.3M Sale of Terra Oceanside Apartment Complex in California

Orange County Firm Trades for Oceanside Multifamily - Orange County Business Journal

Tustin-based River Oaks Management Inc. is the new owner of Terra Oceanside, a 62-unit apartment complex in Northwest San Diego County. River Oaks bought the multifamily property from an Irvine-based family trust for $18.3 million, or $295,161 per unit. Terra Oceanside, located at 3964 & 3970 Waring Road in Oceanside, was built in 1980 and features a mix of studio, one- and two-bedroom units. The family trust sold the property as part of a 1031 …

Marcus & Millichap Arranges $18.3M Sale of Terra Oceanside Apartment Complex in California

OCEANSIDE, CALIF. — Marcus & Millichap has arranged the sale of Terra Oceanside, a multifamily property in Oceanside. A personal trust sold the asset to a limited liability company for $18.3 million. Located at 3964 and 3970 Waring Road, Terra Oceanside offers 62 studio, one- and two-bedroom apartments with patios or balconies, vinyl flooring, quartz countertops and stainless steel appliances. Community amenities include an onsite management off…