Magnolia Capital entered the California market with three new acquisitions in Oakland, San Diego, and downtown Los Angeles.
Domain Oakland
Oakland, CA
264 Units
Year Built: 2011
Closing Date: May 2018
Domain Oakland is a 264 unit, condo-quality asset located in the heart of Oakland’s CBD. The community was designed with spacious units, state-of-the-art amenities, and houses a local art gallery as well as 2,505 square foot of retail space.
Domain San Diego
San Diego, CA
379 Units
Year Built: 2012
Closing Date: June 2018
Domain San Diego is a 379-unit luxury multifamily community located in Kearny Mesa, a central San Diego neighborhood. The property is situated in Centrum Park and residents have access to the property’s lifestyle amenities including a 2-story clubhouse, resort-style pool and spa, and three outdoor courtyards.
Canvas L.A.
Los Angeles, CA
210 Units
Year Built: 2008
Closing Date: June 2018
Canvas L.A. is a 210-unit mid-rise property located in the rapidly evolving Downtown Los Angeles market. The property is walkable to over 40 million square feet of Class A office space. Residents in the community benefit from spacious units and unique floor plans and have access to the rooftop deck with city views.