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Casa La Roca Apartments LLC Acquires 100-Unit Multifamily Asset From La Roca Plaza LP For $26.5M

Property Image
SOLD
$26,500,000
Conor Brennan
Rachel Parsons

California

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MultiFamily
Sold 02/16/2026
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Property Image
SOLD

Casa La Roca Apartments LLC Acquires 100-Unit Multifamily Asset From La Roca Plaza LP For $26.5M

10032 North Magnolia Avenue

See Similar Deals
MultiFamily
Sold 02/16/2026
Conor Brennan
Rachel Parsons
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The sale involved a multifamily property located at 10032 North Magnolia Avenue in Santee, comprising 100 units and situated on 4.6 acres. The sale price was set at $26,500,000, resulting in a price per unit of $265,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $26,500,000
  • Buyer: Casa La Roca Apartments LLC
  • Seller: La Roca Plaza LP
  • Brokers: Conor Brennan & Rachel Parsons - CBRE
  • Units: 100
  • Price Per Unit: $265,000
  • Parking Spaces: 154

Conor Brennan and Rachel Parsons from CBRE represented both Casa La Roca Apartments LLC and La Roca Plaza LP in this transaction, which involved the acquisition of a property offering one-, two-, and three-bedroom units. The deal highlights the role of CBRE in facilitating the successful transfer of ownership in the multifamily asset.

Players

Rachel Parsons
CBRE
Rachel Parsons
15 deals$1.2B volume(858) 945-0992
BROKER
Conor Brennan
CBRE
Conor Brennan
9 deals$84.6M volume(720) 841-8139
BROKER

Details

SOLD
IMAGE: Conor Brennan & Rachel Parsons DATE: 02/16/2026 ADDRESS: 10032 North Magnolia Avenue MARKET: Santee ASSET TYPE: Multifamily BUYER: Casa La Roca Apartments LLC SELLER: La Roca Plaza LP BROKERS: Conor Brennan & Rachel Parsons - CBRE (@CBRE) SALE PRICE: $26,500,000 UNITS: 100 ~ PPU: $265,000 NOTE: CBRE brokered the $26.5M sale of La Roca Plaza, a 100-unit multifamily property on 4.6 acres in Santee, with Casa La Roca Apartments LLC acquiring the asset from La Roca Plaza LP. Conor Brennan and Rachel Parsons of CBRE represented both parties in the transaction involving the apartment community offering one-, two- and three-bedroom units and 154 parking spaces.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,413,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$94,148.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$125,623.52
Annual Debt Service$1,507,482.24