Luma at El Corazon

JLL, as exclusive advisor, is pleased to present for sale Luma at El Corazón (the “Property” or “Luma”), a newly constructed, recently stabilized, 100% market rate, 268-unit luxury apartment community with 4,724 SF of ground-floor retail, situated within the 465-acre El Corazón master-planned development in the heart of Oceanside, California — one of Southern California’s fastest-growing and most supply-constrained coastal markets. Completed in 2024 by Sudberry Properties and recognized as CoStar’s Multifamily Development of the Year for San Diego County, Luma represents a rare opportunity to acquire institutional-quality new construction — having just eclipsed 95% occupancy, offering new ownership a stabilized asset with immediate cash flow and meaningful NOI growth ahead.

Luma’s 268 residences average ±977 SF across a renter-centric mix of one-, two-, and three-bedroom homes, each featuring

private outdoor space, 9-foot ceilings, quartz countertops, Whirlpool stainless steel appliances, in-unit washer/dryers. The community is further distinguished by its position as the first and only apartment community within the El Corazón master plan — placing residents steps from the William A. Wagner Aquatic Center, the SoCal Sports Complex, Frontwave Arena, and nine miles of hiking trails, while remaining just four miles from Oceanside’s celebrated six-mile coastline and walkable downtown

anchored by Michelin-recognized restaurants, 10+ craft breweries, and 300+ annual events.