Casas

JLL as an exclusive advisor is pleased to present for sale Casas By The Sea (“Casas” or the “Properties”) – a generational value-add investment opportunity in the affluent coastal submarket of Pacific Beach, bordering La Jolla, California. Available for the first time, this 142-unit offering presents investors an exceptional opportunity to fully modernize and reposition the asset, capitalizing on affluent local demographics and proven luxury market demand. The assets benefit from having an existing condominium map in place, which provides valuable optionality for future disposition strategies.

Positioned on the Border of Pacific Beach and La Jolla, steps away from the iconic Tourmaline Beach, Casas is one of four oceanfront apartment communities along San Diego’s highly sought after central coastline, stretching from Pacific Beach to Del Mar. Notably, within a 3-mile radius, there has been just one multifamily trade exceeding 100 units in the past 20 years and with no new 50 unit+ multifamily developments planned and strict barriers to entry, Casas stands as a once in a lifetime opportunity to acquire an asset of scale in the submarket.