Bascom Group Purchases 123-Unit Apartment Complex in Southern California for $33.3M

COSTA MESA, CALIF. — The Bascom Group has acquired Sunset Cove Apartments, an infill multifamily community located in Costa Mesa. The company purchased the property for $33.3 million, or $270,731 per unit. Built in 1970, Sunset Cove features 123 apartments. Brian Eisendrath, Annie Rice and Brandon Smith of CBRE arranged the debt financing for the acquisition, while Jim Fisher, Jeff Rowerdink, Joe Leon and Mike Smith of Berkadia brokered the transaction. The name of the seller was not released.