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JUST SOLD | 22 Multifamily Units | $5,942,000

Updated: Jun 4, 2020


150 Gosnell Way | APN: 220-320-21

195 Johnston Lane | APN: 220-181-19

366 San Marcos Blvd | APN: 220-150-10


Seller Representation: Pacific Coast Commercial

Broker Rep: Mack Langston, Director of Multifamily & Investment Sales

Buyer Representation: Pacific Coast Commercial

Broker Rep:Weston Card, Multifamily & Investment Sales


Property Type: 22 Multi-Family Units and 3 Properties

Square Footage: 3 Properties Totaling ±30,256 SF

Sale Price: $5,942,000

Close of Escrow Date: 5/20/2020

Seller Name: Affirmed Housing Group

Buyer Name: F&F Naranca L.P.

Additional Property Information (See Photo Below):

Pacific Coast Commercial is pleased to announce the sale of a 3-property portfolio of twenty-two total residential units located in San Marcos. Mack Langston, the listing broker stated, “This transaction was out of the ordinary because the seller, early on in the preparation to sell, had decided to deliver the property vacant at closing. In September, the Assembly passed AB 1482 restricting rental increases and restricting evictions to “just cause” cases. Governor Newsome signed the bill on October 8, 2019 and the property went into escrow a month later.”

“In the commercial real estate space as of late, as Brokers we need to be aware of all the nuances taking place within the political arena that may affect our clients, and the rights they should have as owners of commercial real estate.” Cited Vince Provenzano, President of Brokerage at Pacific Coast Commercial. “Mack Langston and Weston Card navigated this scenario perfectly in this transaction.”


Mack Langston

Director, Multifamily & Investment Sales

(619) 469-3600

Lic. 01110555

Weston Card

Multifamily & Investment Sales

(619) 469-3600

Lic. 02013338

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