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TEMECULA, CA-A 14-year-old apartment complex in Temecula has been sold by an LP for $3.8 million. The property was 96% occupied at the time of sale.

Known as Villa del Sol, the complex is located off the I-15 Freeway at 28550-28566 Pujol. It is comprised of two wood frame and stucco buildings that measure two stories high and contain a total of 48 units. A range of floor plans is offered here, as the unit mix consists of 17 one-bedroom and one-bath units encompassing 856 sf, 15 two-bedroom and one-bath units encompassing 882 sf, 15 two-bedroom, two-bath units encompassing 945 sf and one three-bedroom and one-bath unit encompassing 1,092 sf. Amenities include a pool, gazebo and playground, as well as balconies and patios. In addition, there are 16 detached garages, 32 covered parking spaces and an open parking lot.

PHC Owner 2000-1 LP has sold Villa Del Sol to an undisclosed private investor in a 1031 tax deferred exchange. Alex Mogharebi of the Ontario office of Marcus & Millichap Real Estate Investment Brokerage Co. acted on behalf of both parties in the transaction.

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