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873 Stevens Avenue, Solana Beach, CA 92075
© 2024 Berkadia Proprietary Holding LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is 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. This website is not intended to solicit commercial mortgage company business in Nevada.
In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit www.berkadia.com/licensing.
3121 Michelson Drive, Suite 400
Irvine, CA 92612
Investment Team
Irvine Office
CONTACT Info
DERREK OSTRZYZEK
Managing Director Derrek.Ostrzyzek@berkadia.com
310.924.9348
CA BRE #01984295
MIKE MURPHY
Senior Director Mike.Murphy@berkadia.com 714.318.3978
CA BRE #01241878
RACHEL PARSONS
Senior Managing Director Rachel.Parsons@berkadia.com 858.945.0992
CA BRE #01335449
KENJI THOMAS
Associate Director Kenji.Thomas@berkadia.com
310.895.3020
CA BRE #02168781
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Investment Highlights
Loft Units:
146
940 SF
47%
Just one mile from the Pacific Ocean
The only institutional sized value-add opportunity in Solana Beach
Within five minutes of North County Coastal’s best–Cedros, Flower Hill, One Paseo, and Del Mar Plaza
Only two institutionally sized multifamily properties in Solana Beach
Rare value-add opportunity in a coastal San Diego County submarket where average household incomes exceed $198,000
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INVESTMENT HIGHLIGHTS
Berkadia Institutional Solutions is pleased to announce Ocean Crest, an exceptionally rare opportunity to acquire a value-add property with an exclusive Solana Beach address. Built in 1989, the 146-unit apartment community is located just one mile from the Pacific Ocean and is situated in a highly constrained location with only two institutionally sized multifamily buildings in the entire city. Solana Beach features some of the highest demographics, luxury home prices and top schools within all of San Diego County. Ocean Crest is walking distance to the beach, Del Mar Fairgrounds, Cedros Design District and numerous restaurants/bars. Ocean Crest represents a truly unmatched acquisition opportunity—a coastal, low-density value add asset located within one of the best performing and highest barrier to entry markets on the west coast.
CHRIS TRESP
Director Chris.Tresp@berkadia.com
323.916.3310
CA BRE #01846401
873 Stevens Avenue, Solana Beach, CA 92075
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