ENCINITAS, CALIF. — Property West Residential has purchased the 120-unit Encinitas Heights apartment building just north of San Diego for $53 million. The community is located at 1100 Garden View Road in Encinitas.
Encinitas Heights was built in 2002. The property features one- to three-bedroom apartments with washers and dryers, central air conditioning and gourmet kitchens. Community amenities include a 24-hour fitness center, a solar heated pool and a rentable clubhouse.
Ed Rosen, John Chu, Kyle Pinkalla and Erin Dammen of Berkadia represented the seller in this transaction.