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Key Details
Sold Price $19,531,016
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220005895
Sold Date 05/13/22
Lot Size 3.330 Acres
Acres 3.33
Property Description
CALL FOR OFFERS date set for March 23, 2022 by 5:00pm. Built in 1991, the subject is a well-maintained, garden-style community with 58 apartment homes in San Marcos, California. Pebble Creek Apartments consist entirely of two-bedroom, two-bath floor plans (with the exception of one 1bd/1ba) with community amenities that include a swimming pool, large sundeck & cabana bathrooms, community laundry facilities, leasing office, basketball court and 58 garage spaces. The functional floor plans and desirable community layout make it a prime renovation opportunity. Interior enhancements could result in increased rents and lower operating expenses. Residents enjoy immediate freeway access to Highway 78. There are convenient retail and shopping destinations, all within walking or a short driving distance from the property. The property is strategically located near California State University San Marcos and the Sprinter Light Rail Station. The recent development and ongoing construction in the North City Specific Plan area will continue to transform the immediate area.
Location
State CA
County San Diego
Area San Marcos (92069)
Exterior
Parking Features Garages, Spaces
Total Parking Spaces 138
Building
Story 3
Lot Size Range 2.5 through 5.0 Acres
Others
Acceptable Financing Cash to New Loan
Space Rent $1,186,812
Listing Terms Cash to New Loan
Financing Cash to New Loan
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Bought with Eric D Comer • Eric D. Comer, Broker
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Josh Nottingham
Agent | License ID: TN - 375410 CA - 01295227
Agent License ID: TN - 375410 CA - 01295227