ESCONDIDO, CALIF. – A Canada-based private investment group has purchased the 96-unit Tanglewood Apartment Homes in Escondido for $10.8 million. The community is located at 1920 East Grand Ave. in the San Diego submarket.
Tanglewood is situated near a major retail corridor that contains Albertsons, Big Lots, Big 5 Sporting Goods, CVS, Home Depot, Vons and Walmart. The Escondido Transit Center is within two miles, while the Palomar Medical Center is one mile away. Tanglewood is also near Palomar College’s 80,583-square-foot Escondido campus, which just received a $10-million renovation.
Community amenities include a swimming pool and spa, tennis court, a clubhouse with a pool table and kitchen area and various courtyard areas.
The seller, Chrismark LLC, was represented by Christopher Zorbas and David Sperling of Marcus & Millichap’s San Diego office.