The Flats, an 18-unit multifamily community with two ground-floor retail spaces in Oceanside, has been sold for $14.43 million, the commercial real estate brokerage CBRE announced Feb. 9.

The property at 1931 South Coast Highway was acquired by the Dan and Cynthia Kronemyer Family Trust.

CBRE's Rachel Parsons, Philip Buckley, and Anna Kampling represented the seller, FABRIC, in the sale.Conor Brennan, also of CBRE, represented the Dan and Cynthia Kronemyer Family Trust.

"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, an executive vice president with CBRE. "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."

Completed in 2024, the Flats consists of 18 one- and two-bedroom floorplans and 2,785 square feet of street-front retail.

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 the Carlsbad Village corridor and provides convenient access to Interstate 5 and State Route 78, offering connectivity throughout North San Diego County.