Pacific Urban Investors acquires San Diego oceanfront multifamily community Casas by the Sea

  • Pacific Urban Investors acquired Casas by the Sea, an oceanfront multifamily community in San Diego’s Bird Rock/La Jolla neighborhood.
  • Property comprises 140 apartments across four buildings, plus two adjacent single-family homes; built in 1970.
  • Acquisition lifts Pacific’s San Diego holdings to 12 assets totaling 2,767 units; overall portfolio stands at 23 assets with 5,661 units.
  • Pacific plans to evaluate property upgrades aimed at improving the resident experience.
  • About 86% of units have ocean views; average unit size is 988 square feet.


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