The Mogharebi Group Facilitates $13.6M Sale Of Cedar Oaks Apartments In Bakersfield

Cedar Oaks Apartments, a 98-unit multifamily property, located on 3300 Gosford Road in Bakersfield, CA, has been sold for $13,600,000. The transaction, arranged by The Mogharebi Group (TMG), marks one of the largest sales in Bakersfield this year. The community sits on 1.76 acres and offers spacious living for its residents.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,600,000
• Address: 3300 Gosford Road, Bakersfield, CA
• Market: Bakersfield
• Asset Size: 1.76 acres

The sale of Cedar Oaks Apartments was brokered by Mark Bonas, the Senior Vice President of TMG. He facilitated the transaction, which involved local investors. The successful deal highlights Bonas's expertise in the Bakersfield market and his ability to connect buyers and sellers.