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Multifamily

Rancho Santa Fe Village & Las Flores Village

San Marcos, CA

220 Units

Built in 2005

Affordable

Investment Highlights

  • The portfolio offers an excellent unit mix of 45% three-bedroom, 33% two-bedroom, and 22% one-bedroom units
  • Rare opportunity to acquire Rancho Santa Fe Village (120 units) and Las Flores Village (100 units), a sizeable combination of late 2000's LIHTC & LIHTC 55+ assets in San Marcos, California
  • Cumulatively the 78 Corridor is a powerhouse of economic development, with innovation business growth, educational opportunities, and notably, roughly 18% of the regional job total
  • The high growth and job rich 78 Corridor is contributing to increased demand for affordable housing in the region, and this portfolio provides proven, high-quality low income housing units in the limited inventory North County San Diego sub-market
  • Offered as a portfolio, the assets may also be sold on an individual basis; a portfolio acquisition offers a distinct future advantage of potentially selling off the properties separately, appealing to a broader spectrum of buyer profiles on exit
  • The quality of life and culture along the 78 Corridor is unparalleled, with convenient access to 8 beaches, 175+ miles of trails, 19 golf courses, 57 Breweries, countless landmark destinations, and temperate weather year-round

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