NEW INVESTMENT OFFERING-APARTMENT PROJECT OCEANSIDE CA -(PASD)
We are pleased to offer the Pacific Apartments San Diego LP (PASD) as an Equity Investment. We found this off market work at a deep discount to other properties in the market and will provide us exceptional upside after extensive renovation. The property is currently vacant due to the current owner mitigating mold intrusion in two units. This will allow us to fully renovate the entire property all at the same time. The current owner is a 90+ years old and has no interest in spending the time and money in renovating this property.
All the renovation, construction, and lease up will be completed the first year. This project is in one of the great rental markets in the Oceanside area. With views of the ocean, patios and decks for most of the units, and less than one block to beach access. This property provides valuable amenities.