RAF Pacifica Group Acquires Multifamily Property In Encinitas For $13.1M With Seller's Rep Christopher J. Zorbas

The multifamily property located at 1201 N. Vulcan Ave. in Encinitas has been sold in a recent transaction. The property, consisting of 26 units, was purchased by RAF Pacifica Group from the Kazandjian Family. The transaction was facilitated by Christopher J. Zorbas and Gary R. Weddle of The Zorbas Group, who represented RAF Pacifica Group in the deal. The sale price for the property was $13,119,000, resulting in an average price per unit of $504,576.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,119,000
• Address: 1201 N. Vulcan Ave., Encinitas
• Market: Encinitas

The buyer, RAF Pacifica Group, was represented by Christopher J. Zorbas and Gary R. Weddle of The Zorbas Group, while the seller, Kazandjian Family, completed the transaction. The deal, which took place on 02/01/2022, signifies the successful transfer of ownership for the multifamily property in Encinitas.