Escondido Apartment Property Sells for $10.8 MillionTuesday, August 26, 2014
Vista International Inc. of San Francisco has purchased the 96-unit Tanglewood Apartments in Escondido for approximately $10.8 million, according to CoStar Group and public data.
The seller of the property, at 1920 E. Grand Ave., was Mark Schmidt Trust of San Diego.
Christopher Zorbas and David Sperling, of brokerage company Marcus & Millichap Inc., represented the seller. The buyer was represented by Krystle Moore of Pacific Shore Capital.
The apartment property was constructed on 3.89 acres in 1975. All but three of the units were occupied at the time of sale.