123-Unit, Value-Add Opportunity
in Escondido, CA

1845 N Broadway | Escondido, CA 92026

Executive Summary

Berkadia is pleased to present the opportunity to acquire Elán River Village, a 123-unit, value-add opportunity in Escondido, California. Ideally located just off I-15 and CA-78, Elán River Village provides seamless connectivity to key employment hubs including Rancho Bernardo, San Marcos, Vista, and Carlsbad. With major employment surges creating localized housing shortages in nearby neighborhoods, Escondido’s housing demand is significantly increasing, making Elán River Village a compelling investment opportunity. 

Doc Center

Property Highlights

1989

Year Built

123

Number of Units

 804 SF

Average Unit Size

Investment Highlights

01

Value Add Opportunity 

Elán River Village offers an attractive opportunity for value-enhancement by embarking on a renovation program consisting of interior and exterior upgrades as well as modernizing key property amenities. These upgrades include new cabinets, quartz countertops, stainless steel appliances, enhanced lighting, and vinyl plank flooring throughout the apartment homes. 

02

Central to San Diego’s Major Employment Hubs 

 Besides the 73,000 jobs in Escondido that are directly accessible to Elán River Village residents, the property also offers seamless connectivity to over 300,000 jobs via I 15 and CA 78 to major employment hubs including Rancho Bernardo, Carlsbad, Vista, Oceanside, and San Marcos. 

03

Corporate Development Drives Housing Demand Surge 

Less than 20 minutes from Elán River Village lies Apple’s 67.5-acre campus in Rancho Bernardo. The campus is part of Apple’s commitment to grow its San Diego footprint to over 5,000 employees by the end of 2026. This commitment and employment surge has created a localized housing shortage, leaving Escondido to be the primary absorber of the resulting housing and infrastructure demand.

04

Desirable Unit Mix 

Elán River Village boasts a highly desirable unit mix with 48% one-bedroom/one-bathroom units and 52% two-bedroom/two-bathroom units. These units feature a generous average size of 804 square feet and include wood-burning fireplaces, walk-in closets, and private patios.

05

Low-Density Garden Living

Elán River Village redefines suburban living. The property offers a serene, park-like living environment with low-density, two-story walk-up construction, and just 15 dwelling units per acre.

Amenities

Community Amenities

  • Tennis Court
  • Basketball Court
  • Fitness Center
  • Playground
  • Laundry Facilities
  • Swimming Pool
  • Spa
  • BBQ & Picnic Area
  • Covered Parking

Unit Amenities

  • Spacious 1- & 2-Bedroom Floor Plans 
  • Wood-Style Plank Flooring 
  • Carpet Options 
  • Private Patio/Balcony 
  • Wood-Burning Fireplaces 
  • Upgraded Counters 

Contact us

San Diego Office
4275 Executive Square
Suite 700
La Jolla, CA 92037

Investment Sales

Ed Rosen
Managing Director
858. 342.0700
[email protected]
CA DRE# 01010225

Tyler Sinks
Managing Director
619.890.8486
[email protected]
CA DRE# 01910220

John Chu
Managing Director
619.990.5200
[email protected]
CA DRE# 00966982

MORTGAGE BANKING

Lee Scott
Director
858.275.5066
[email protected]

Kevin Mignogna
Senior Managing Director
949.622.9238
[email protected]

Doc Center

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.  

​© 2026 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.

2026 © Berkadia - All right reserved.