San Francisco-based Vista International Inc. has acquired a 56-unit apartment property in Escondido for $8 million, according to brokerage firm Berkadia and CoStar Group.
The seller of Garden View, built in 1972 at 250 S. Rose St., was San Pio V Co. of Redondo Beach, represented by Berkadia’s Ed Rosen, John Chu and Tyler Sinks. The buyer represented itself, according to CoStar Group.
“Escondido has seen a tremendous amount of deal flow during the past 18 months,” Sinks said in a Berkadia statement. He said apartment properties of this size “rarely become available for sale in San Diego County.”
This is the second recent Escondido apartment purchase for Vista International, following its previously reported acquisition of the 100-unit Estancia at 725 N. Fig St., for approximately $16.7 million, according to CoStar Group.
The sellers in that deal, San Francisco-based Fowler Property Acquisitions and PCCP LLC , were represented by Darcy Miramontes and Kip Malo of brokerage firm JLL.