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.