Terra Oceanside

Terra Oceanside

A 62-unit Oceanside apartment complex has been sold for $15.8 million.

Apartments in the Terra Oceanside complex at 3964 Waring Road range in size from 666 square feet for a studio to 925 square feet for two bedroom, one-bathroom units.

The seller was Pacific Urban Residential. The buyer, a private investor, was not disclosed.

The Zorbas Group, led by Christopher J. Zorbas, a senior managing director of investments in Marcus & Millichap’s San Diego office, represented the seller.

The buyer was represented by Tyler Leeson and Matthew J. Kipp, investment specialists in Marcus & Millichap’s Newport Beach office.