Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present Garrison Townhome Apartments, a 46-unit multifamily investment opportunity located in Oceanside, CA. Situated on a spacious 2.19-acre lot, the property offers an attractive mix of one and two-bedroom floor plans across 10 buildings. Units at Garrison Townhome Apartments offer highly desirable features including vinyl and carpet flooring, quartz countertops, stainless steel appliances, shaker-style cabinetry, and more. Each unit at the property features a direct line for laundry machines, an in-demand feature that could help new ownership achieve significant rental premiums. Additionally, each of the 30, two-bedroom units feature two-story townhome construction with a private patio. Garrison Townhome Apartments offers community amenities including tuck-under and surface parking with large storage lockers, a fitness center, and an on-site laundry facility. Since 2018, current ownership has invested more than $1.7 million on comprehensive improvements to both building exteriors and unit interiors. Furthermore, there is the opportunity to further increase cash flow through the conversion of the current leasing office and a portion of the property’s storage spaces into studio accessory dwelling units. Situated in a desirable Oceanside neighborhood, Garrison Townhome Apartments benefits from its close proximity to several parks and trails, granting residents convenient access to numerous outdoor activities. The property is within a 2-mile radius of four major shopping centers, providing residents convenient access to an abundance of everyday needs. Residents enjoy the property’s proximity, 2.35 miles, from MainStreet Oceanside, providing convenient access to a plethora of boutiques, highly rated restaurants, and bars. Garrison Townhome Apartments is located near Interstate 5, State Route 76, and State Route 78, connecting residents to employment hubs throughout San Diego and Orange Counties. In summary, Garrison Townhome Apartments’ fantastic location offers residents a wide variety of recreation, employment, transportation, and retail amenities, which together help to attract a diverse renter pool. This overall demand for well-located and maintained apartment buildings will be a key driver in the continued growth and success for Garrison Townhome Apartments.