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Real Estate/Development

May 5, 2017

Oceanside apartment complex fetches $30M

A unit of Pacific Urban Residential of Irvine purchased the Rancho Tuscana Apartments in Oceanside for $30 million, or $220,588 per unit.

A unit of Pacific Urban Residential of Irvine purchased the Rancho Tuscana Apartments in Oceanside for $30 million, or $220,588 per unit, a high premium for a Class B property built in 1975.

The affiliate, PUR Rancho Tuscana LLC, took out a $24.1 million conventional loan from a Mesa West Real Estate fund to make the purchase.

The 136-unit complex, which will now be known as Vue Oceanside, is in the Mira Costa area of Oceanside at 3675 Barnard Drive.

The sellers were Terra P...

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