IHP Capital Partners and California West Communities Acquire 7.0-Acre Infill Site in Oceanside, Calif. for New Residential Development
OCEANSIDE, Calif. – August 2, 2022 – IHP Capital Partners, a leading real estate investment firm celebrating its thirtieth year in 2022, and California West Communities, a San Diego-based residential land developer and homebuilding company, announce their joint venture (JV) partnership in the acquisition of a 7.0-acre infill land parcel in Oceanside for the development of 26 Tides, a new residential community consisting of 26 two-and three-story single-family detached homes. At project completion, 26 Tides will offer homebuyers a selection of modern new residences built into a hidden hillside that is easily accessible to transportation, regional employment centers and North San Diego County’s scenic beaches.
26 Tides is fully entitled with grading and sitework currently underway. Vertical construction of the homes is anticipated to begin in early Q1 2023, and homes sales are anticipated to open in Q2 2023. Home pricing will be released at a later date.
“Oceanside is attracting an increasing number of homebuyers drawn to the city’s coastal lifestyle, relative affordability and central location between San Diego and Orange counties,” said Jeff Enes, senior vice president at IHP Capital Partners. “26 Tides will be a unique hillside neighborhood with a private feel, built around a cul-de-sac within the established Fire Mountain neighborhood. The project is an opportunity for IHP to partner again with California West, an experienced local homebuilder with a highly skilled team, to deliver contemporary single-family homes in a desirable submarket that has limited new home supply.”
Designed to appeal to first- and second-time homebuyers, 26 Tides will include a mix of homes among five floorplans ranging in size from 1,675 square feet to 2,290 square feet. Layouts will include three to four bedrooms, two and a half to three bathrooms, attached two-car garages, and either a side or rear yard. 11 of the homes will offer a third story, which is generally designed as a “pop-up” bonus area to maximize views for the northern facing lots. One of the three-story homes will feature an accessory dwelling unit (ADU) above the garage. The community will also provide two affordable units that will be rented to those who qualify as low income.
26 Tides is approximately 1.3 miles east of the Pacific Ocean and one-half mile east of the I-5 freeway. The community’s location offers a 15 to 30-minute commute time to major employers in Carlsbad and nearby regional job centers, and a 45-minute commute time to Downtown San Diego. Marine Corps Base Camp Pendleton and South Orange County are also within close proximity.
Oceanside’s Fire Mountain neighborhood, positioned northeast of the I-5 and 78 freeways, consists of an eclectic mix of existing single-family homes on large lots. 26 Tides is surrounded by existing homes, open space and a commercial office center to the north.
The property is accessible via Grandview Street, south of Crouch Street. Its quick access to Oceanside Boulevard provides a near direct link to multiple shopping and dining options and North County Transit District’s (NCTD) east-west SPRINTER hybrid rail at the Crouch Street station.
“26 Tides is well-positioned with great access to local amenities and regional transportation. This new community will offer homebuyers a one-of-a-kind living option in an enclave of Oceanside,” said Matt Thorne, a partner at California West. “As Southern Californians continue to face limited home supply, California West is excited to work with IHP in delivering 26 beautiful, new single-family homes—some with peek-a-boo ocean views—to this desirable part of San Diego County.”
26 Tides is IHP and California West’s fourteenth residential project together, one of which is Eclipse, a three-story townhome community of 113 residences in Escondido, Calif., currently under construction and open for sale.
About IHP Capital Partners
IHP Capital Partners was founded in 1992 and celebrates three decades of industry leadership this year as one of the nation’s leading real estate investment firms. The company facilitates a path to success for its investor and development partners by providing equity for residential projects throughout the country, with a focus on the western U.S. and Texas A tactical partner and trusted fiduciary, IHP’s track record is built on experience, expertise and long-term sustained partnerships with well-known institutional investors and a wide range of the industry’s most notable builders and developers. For more information, visit www.IHPInc.com. Follow the company on LinkedIn.
About California West Communities
California West is a privately held, multi-generational San Diego builder. We didn’t set out to build thousands of homes. We set out to build yours. Our approach embraces a passion for creating neighborhoods with inspired design in San Diego’s most desirable cities. We started this process over 25 years ago, sharpening our skills, expertise, and artistry along the way. Today, we build with a level of depth and personal commitment that spans generations with a focus on sustainability, quality, and craftsmanship. Visit CalWestLiving.com to get the latest neighborhood updates.
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