Luma at El Corazon — Sale in Oceanside, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Oceanside, CA 92056
  • Year built: 2024

Photos

Luma at El Corazon — Sale in Oceanside, CA, photo 1 of 8
Luma at El Corazon — Sale in Oceanside, CA, photo 2 of 8
Luma at El Corazon — Sale in Oceanside, CA, photo 3 of 8
Luma at El Corazon — Sale in Oceanside, CA, photo 4 of 8
Luma at El Corazon — Sale in Oceanside, CA, photo 5 of 8
Luma at El Corazon — Sale in Oceanside, CA, photo 6 of 8
Luma at El Corazon — Sale in Oceanside, CA, photo 7 of 8
Luma at El Corazon — Sale in Oceanside, CA, photo 8 of 8

Description

JLL, as exclusive advisor, is pleased to present for sale Luma at El Corazón (the “Property” or “Luma”), a newly constructed, recently stabilized, 100% market rate, 268-unit luxury apartment community with 4,724 SF of ground-floor retail, situated within the 465-acre El Corazón master-planned development in the heart of Oceanside, California — one of Southern California’s fastest-growing and most supply-constrained coastal markets. Completed in 2024 by Sudberry Properties and recognized as CoStar’s Multifamily Development of the Year for San Diego County, Luma represents a rare opportunity to acquire institutional-quality new construction — having just eclipsed 95% occupancy, offering new ownership a stabilized asset with immediate cash flow and meaningful NOI growth ahead. Luma’s 268 residences average ±977 SF across a renter-centric mix of one-, two-, and three-bedroom homes, each featuring private outdoor space, 9-foot ceilings, quartz countertops, Whirlpool stainless steel appliances, in-unit washer/dryers. The community is further distinguished by its position as the first and only apartment community within the El Corazón master plan — placing residents steps from the William A. Wagner Aquatic Center, the SoCal Sports Complex, Frontwave Arena, and nine miles of hiking trails, while remaining just four miles from Oceanside’s celebrated six-mile coastline and walkable downtown anchored by Michelin-recognized restaurants, 10+ craft breweries, and 300+ annual events.

Market Context

This multifamily in Oceanside, CA is listed for sale. The building dates to 2024. Compare it against other multifamily listings for sale in Oceanside, CA — view the full market.

As of Q4 2025, the San Diego multifamily market showed a 5.4% vacancy rate, average asking rents near $2456.00/unit/mo, and cap rates around 4.6%. Source: multiple brokerage reports, Q4 2025.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

What is the typical cap rate for multifamily in San Diego?
About 4.6% as of Q4 2025, per multiple brokerage reports.
Is the San Diego multifamily market tightening or softening?
Vacancy is around 5.4% (Q4 2025).

Contact

Explore this market

Similar Multifamily Property for Sale in California