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**CBRE Facilitates $26.5M Sale of 100-Unit La Roca Plaza in Santee**
CBRE has announced the successful sale of La Roca Plaza, a 100-unit multifamily property located at 10032 N. Magnolia Avenue in Santee, California. The property sold for $26.5 million and was acquired by Casa La Roca Apartments LLC from La Roca Plaza LP. CBRE’s Conor Brennan and Rachel Parson represented both the buyer and the seller in the transaction.
“The sale of La Roca Plaza offered an exceptionally rare opportunity in today’s market, as only three multifamily communities with more than 100 units were available for sale in all of San Diego County,” said Brennan. “This well-maintained, income-producing property features a strong unit mix and proven rentability. It is well-positioned to deliver durable cash flow and compelling long-term appreciation for the new ownership.”
Set on 4.62 acres, La Roca Plaza includes a mix of one-, two-, and three-bedroom floorplans. The community offers a range of amenities, including a swimming pool, playground, central courtyard, on-site laundry facilities, high-speed internet access, and 154 off-street parking spaces.
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