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IPA Brokers $19.5M Sale of 98-Unit Villa Capri Apartment Asset in Escondido, California

ESCONDIDO, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Villa Capri, a multifamily property in Escondido. VCA Co. sold the property to 902 Washington for $19.2 million.

Completed in 1971, Villa Capri features 11 one- and two-story buildings offering a total of 98 apartment units.

Christopher Zorbas and Austin Huffman of The Zorbas Group of Marcus & Millichap’s San Diego office represented the seller and procured the buyer in the transaction.

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