Updated Sep 2, 2026
Stratford Partners And LLJ Acquire Pacifica Palms Apartments From Pacifica Palms LLC For $33.6M
1829 East Washington Avenue & 1873 East Washington Avenue
$33,600,000
Units
189
Asset Type
MultiFamily
Closing
Aug 26, 2026
About this deal
AI
The Pacifica Palms Apartments, comprising 189 units on an 8.0-acre site, were sold for $33.6 million. The property is located at 1829-1873 East Washington Avenue in Escondido, CA. It was built in 1965, providing multifamily housing in a specified market with a price per unit of $177,778.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $33,600,000
- Units: 189
- Price Per Unit: $177,778
- Address: 1829-1873 East Washington Avenue
- Market: Escondido, CA
- Seller: Pacifica Palms LLC
- Buyer: Stratford Partners & LLJ
- Brokers: Chris Zorbas & Alexander Garcia Jr. - Institutional Property Advisors - Marcus & Millichap
In this transaction, Chris Zorbas and Alexander Garcia Jr. from Institutional Property Advisors represented Pacifica Palms LLC as the seller and also procured the buyer, a joint venture between Stratford Partners and LLJ.
Players
Escondido MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93