An Oceanside mixed-use building named The Flats has sold for $14.425 million.
The sale of the property at 1931 South Coast Highway was facilitated by CBRE, with CBRE’s Rachel Parsons, Philip Buckley and Anna Kampling representing the seller Fabric Investments and Conor Brennan, also of CBRE, representing buyers the Dan and Cynthia Kronemyer Family Trust.
The Flats is an 18-unit multifamily community with two ground-floor retail spaces that was completed in 2024. Residential interiors include 10-foot to 17.5-foot ceiling heights, custom cabinetry, quartz countertops, Samsung appliances with Bosch cooktops, and in‑unit washer and dryers. Units also feature oversized balconies, with select residences offering ocean views.
The property is located near Carlsbad Village.
“The Flats is a recently delivered coastal multifamily property with modern finishes, ground‑floor retail, and a location that continues to see steady demand,” said Parsons, CBRE executive vice president. “Newly built assets of this scale and proximity to the beach are limited in North County, offering investors immediate strong in‑place income along with the potential for long‑term appreciation.”
