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Wednesday, May 31, 2023
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Oceanside Apartment Building Sold

An Oceanside apartment complex has been sold for $4.4 million.

F & F Income Properties, LLC bought the property at 1037 S. Cleveland St.

The seller was the Marilyn DeGroot Charitable Trust.

The three-story, 8,100-square-foot property has a mix of one-bedroom and two-bedroom apartments with asking rents between $1,914 and $2,136 per month.

Craig Stewart with ACRE Investment Real Estate Services represented the buyer and the seller.

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The property had multiple offers and sold for $200,000 over the list price, according to Stewart.

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