OCEANSIDE, CALIF. — CBRE has arranged the sale of a 25-unit community located at 2326 Greenbrier Drive in Oceanside, approximately 40 miles north of San Diego. The asset traded hands for $8.6 million in a 1031 exchange. Dan Blackwell, Mike O’Neill and Amanda Fielder of CBRE represented the buyer, a repeat client based in San Diego County, in the transaction. The seller was based in South Orange County.
The five-building complex totals 19,278 square feet on a 1.2-acre lot. The property was built in 1980 and remodeled in 2019. The unit mix includes 14 one-bedroom and 11 two-bedroom townhome-style units. The one-bedroom residences offer covered carports and access to an on-site laundry facility. The two-bedroom townhomes feature two-car garages and in-unit washers and dryers. All units feature patios or decks, with select units offering ocean views.