The Bascom Group has acquired an 80-unit multifamily community within the broader San Diego market for $26.8 million.
The property, Echo Pointe Apartments, consists of large two- and three-bedroom floorplans across 20 fourplex buildings. Echo Pointe is centrally located in La Mesa, an area known for its exceptional access to San Diego’s major employers, retail centers and recreational activities. La Mesa residents are drawn to its chic style and trendy retail, all while maintaining a family-friendly, small-town feel.
Julie Schoenbachler, Bascom’s senior vice president of operations, said, “The property is located within a five-minute drive to burgeoning downtown La Mesa and less than a five-minute walk to the Spring Street Trolley Station with service to the San Diego Trolley Orange Line. Moreover, residents have access to key employment centers throughout the metro. Over 46 percent of San Diego County’s entire employment base is within a 10-mile radius of the
