HACSB Acquires 60-Unit Multifamily Community In Victorville For $8.5M
14243 Rodeo Drive
Summary
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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