A 168-unit San Marcos apartment complex has been sold for an undisclosed price by an affiliate of San Diego-based MG Properties Group to Virtu Investments LLC of Carlsbad.
MG Properties Group bought the property for $28 million in 2011, according to CoStar, a real estate listing service.
Built in 1988 on a 9.9-acre site at 570 Barham Drive, Barham Villas Apartment Homes is a two-story garden-style community with Mediterranean architecture, pitched roofs and garages.
Apartments in the 156,060 square-foot complex average 928 square feet in size, according to CoStar.
Amenities include a tennis court, half basketball court, heated pool and spa, fitness center, playground, laundry rooms and pet-friendly open space.
Rachel Parsons and Kevin Mulhern of CBRE represented the seller.
Virtu Investments represented itself.
“This is a great opportunity to own a large property with incredible value-add potential in one of the fastest growing areas in San Diego County,” Parsons said.