![]() ![]() ![]() “We are excited about the trajectory of growth in the market and feel Northridge Apartments is well positioned to capture that momentum. “This acquisition fits well within our value-add investment strategy and marks our first acquisition in the Bay Area,” said Nobuhide Kashiwagi, president of TLUS. 1500 North California Blvd Studio-2 Beds Apartment for Rent - Photo Gallery 1 1. Vista and TLUS both see the deal as a great fixer-upper, with improvements also planned for common areas and exteriors. Apartments for Rent near Diablo Valley College 208 Rentals Available 1 of 49. Vista’s capital improvement plan includes renovating apartment interiors as units roll over. The amenities include a clubhouse, two swimming pools, a fitness center, and laundry facilities. The vintage 1974 property is a mix of studio, one-, two-, and three-bedroom apartment homes in 16 low-rise buildings on a 6.63-acre site. The community is adjacent to Diablo Valley College, 2.5 miles from the Bay Area Rapid Transit Concord station, and close to Interstate 680. “They are finding that Pleasant Hill has a great school system, a robust amenity base, and rents at a considerable discount to neighboring cities Walnut Creek, Lafayette, and Orinda.” “Renters who have been priced out of expensive markets like San Francisco and Oakland are migrating to the East Bay in search of more affordable alternatives,” said Vista Investment Group president Jonathan Barach. The new owners are anticipating an influx of renters who have been impacted by the housing shortage around the Bay Area. “The property’s attractive location, combined with the ongoing need for high-quality, affordable multifamily assets, make it an ideal value-add opportunity for Vista and TLUS,” said IPA senior managing director Salvatore Saglimbeni. The firm had owned the property for more than 20 years. Stanford Jones, Salvatore Saglimbeni, Philip Saglimbeni, and Alex Tartaglia from Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller, Equity Residential. (TLUS), which is a subsidiary of the Japanese-owned Tokyu Land Corp. The $91 million transaction was initiated in partnership with Tokyu Land US Corp. Vista Investment Group recently announced the purchase of the 221-unit, garden-style Northridge Apartments in Pleasant Hill, Calif., which is about 20 miles northeast of Oakland. Residential Hall opportunities typically provide students with shared housing. Courtesy Vista Investment Group Northridge Apartments, Pleasant Hill, Calif. Privately Owned - Santa Barbara City College does not own any student housing. ![]()
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