San Diego Business Journal

Carlsbad Apartment Building Sells for $7.3M

Friday, April 26, 2013

Eden Properties LLC of Los Angeles has purchased Ocean Villas, an eight-unit beachfront apartment building in Carlsbad, for $7.3 million.

The seller of the property was locally based Carlsbad Shores LLC, according to CoStar Group. The building, at 2895 Ocean St., was completed in 1971 and renovated in 2005.

Brokerage firm Marcus & Millichap represented the buyer and seller. A statement from Marcus & Millichap said the property, located at Carlsbad State Beach, is currently being operated as vacation rentals.

— SDBJ Staff Report