Northwoods Apartments, a 138-unit multifamily community in San Marcos, Calif., has sold to an unidentified buyer for $19.1 million.

An Orange County, Calif.-based partnership sold the property at a price that represents $138,406 per unit.

Located at 420 Smilax Road, Northwoods Apartments consists of 10 buildings, featuring one-, two- and three-bedroom units, spread out over 12.1 acres. Amenities included a swimming pool, two spas, two laundry facilities, two tot-lots, two dog runs, a basketball court, several maintenance rooms and a leasing office.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top