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14243 Rodeo Drive
SOLD

HACSB Acquires 60-Unit Multifamily Community In Victorville For $8.5M

14243 Rodeo Drive

MultiFamily
clock iconSold 174 days ago
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Summary

Sale
CALIFORNIA
MultiFamily

The Mogharebi Group brokered the sale of Northport, a 60-unit multifamily community located at 14243 Rodeo Drive in Victorville, California. The property spans 3.26 acres and was sold for a total price of $8,500,000, resulting in a per unit price of $141,667. This transaction took place on 12/04/2023 and involved the Housing Authority of the County of San Bernardino (HACSB) as the buyer.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,500,000
  • Address: 14243 Rodeo Drive
  • Market: Victorville
  • Asset Type: Multifamily
  • Acres: 3.26
  • Buyer: Housing Authority of the County of San Bernardino (HACSB) - Rishad Mitha
  • Broker: Otto Ozen - The Mogharebi Group
  • Units: 60
  • PPU: $141,667

This sale attracted significant attention in the market, with 18 offers submitted for the highly sought-after two-bedroom units at Northport. The Housing Authority of the County of San Bernardino aims to expand affordable housing options in the region through this acquisition.

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Otto Ozen's profile picture
Otto Ozen
The Mogharebi Group-image
Executive Vice President
$425.2M Sold

Details

Deal Summary
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SOLD
IMAGE: Rishad Mitha & Otto Ozen DATE: 12/04/2023 ADDRESS: 14243 Rodeo Drive MARKET: Victorville ASSET TYPE: Multifamily ~ ACRES: 3.26 BUYER: Housing Authority of the County of San Bernardino (HACSB) - Rishad Mitha BROKER: Otto Ozen - The Mogharebi Group SALE PRICE: $8,500,000 UNITS: 60 ~ PPU: $141,667 NOTE: The Mogharebi Group brokered the $8.5 million sale of Northport, a 60-unit multifamily community in Victorville, California, to the Housing Authority of the County of San Bernardino. The deal, involving highly sought-after two-bedroom units, attracted 18 offers, and the Housing Authority aims to expand affordable housing options in the region.

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Address14243 Rodeo Drive

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