Pacific Sands Properties
Current Projects
In December 2021 Pacific Sands Funds closed escrow on a 54-unit apartment project (Brookside Apartments) for $3.025 million, or $56k per door, in Independence, MO. The deal is anticipated to…
In March 2022 Pacific Sands closed on its first property in Texas Market. The property is located within the quickly growing community of Waco. The city of Waco recently came…
In Q3 2021 Pacific Sands Funds closed escrow on the Commodore apartment project for $2,250,000. The Commodore is a 94 unit apartment project, which was purchased for $23,900 per door…
In Q2 2021 Pacific Sands Funds closed escrow on the Mercier Apartment project for $1,850,000. Mercier is a 16-unit apartment property that is located within 1.25 miles of both the…
In Q1 2020 Pacific Sands Funds purchased a 46-unit townhome project for $9,350,000 or $203,261 per unit. The project is located in Lenexa, Kansas, which is a great middle to…
In Q4 2019 Pacific Sands Funds purchased a 76-unit apartment project for $4,680,000 or $61,579 per unit. The project is located in Kansas City, Missouri within a strong middle-income community…
Pacific Sands Funds bought the two properties as a portfolio sale in the Wrigley area of Long Beach totaling 19 units with 11 loft units and 8 garden-style apartment units.…
Past Properties
4002 Wilmington is a 12 unit apartment in the Holly Hills District in St. Louis, MO. The property was purchased in January 2015 for $400,000. We sold the property in…
In August 2016, Fund 1 purchased an 8-unit garden style apartment complex for $1.45 mm in up-and-coming Retro Row are of Long Beach. At the time of acquisition, rents were…
In October 2013, Fund 1 purchased a 17-unit garden style apartment complex for $1.477 mm in Alamitos Beach. The rents were 40% below market, and the property needed $125,000 in…
In October 2010, Fund 3 purchased an 18-unit condo converted apartment building with an equity partner, Pathfinder Partners, for $2,065,000 cash as an REO in a 20 day all cash…
In June 2012, Fund 3 and Pathfinder purchased a 40 unit property in the Bixby area of Long Beach. The asset was in distress as a REO, and the bank…
In July 2015, Fund 3 purchased a 16 unit garden style apartment complex near the Botanical Gardens in St. Louis for $730,000. Rents were 5% below market value; however, the…
In March 2015, Fund 4 purchased an 11-unit garden style apartment complex for $1.28mm in Alamitos Beach. At the time of acquisition, rents were 15% below market value. The fund…
In September 2015, Fund 4 purchased an 14-unit low-rise apartment complex in Alamitos Beach for $1.37mm. At the time of acquisition, the rents were 35% below market value. The fund…
This property was purchased in 2012 for $850,000. After minor upgrades and increases in the rent, this property was sold in November 2015 for $1,412,000 which yielded a 48% IRR.