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SOLD

The Mogharebi Group Facilitates $50.5M Sale Of The Landing Apartments In Ontario, CA

3364 Honeybrook Way

MultiFamily
clock iconSold 1 year ago
Bryan Labar
Otto Ozen
Alex  Mogharebi
the dealplayerscompscontact
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Summary

Sale
CALIFORNIA
MultiFamily

The Mogharebi Group (TMG) has facilitated the sale of The Landing Apartments, a 156-unit multifamily community in Ontario, California. The property was sold for $50.5 million to a Los Angeles-based investor. It features a mix of one- and two-bedroom units and includes amenities such as a pool, spa, and tennis court. The property is located at 3364 Honeybrook Way, Ontario, CA 91761, USA.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $50.5 million
  • Number of Units: 156
  • Price per Unit: $323,717.95
  • Total Square Footage: 0
  • Price per Square Foot: Infinity

The Landing Apartments was owned by an Orange County-based family for over two decades before being sold to the Los Angeles-based investor. The sale was facilitated by The Mogharebi Group (TMG).

Players

  • All

    4

  • Agents

    3

  • Agencies

    1

Bryan Labar's profile picture
Bryan Labar
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Vice President
$231.2M Sold
Otto Ozen's profile picture

Details

Deal Summary
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SOLD
IMAGE: 2023-05-10 ADDRESS: 3364 Honeybrook Way Ontario, CA 91761, USA MARKET: ASSET TYPE: MultiFamily BUYER: SELLER: BUYER'S REP: SELLER'S REP: BROKERS: SALE PRICE: 50500000.0 UNITS: 156 ~ PPU: 323717.95$ SF: 0 PPSF: Infinity$ NOTE: The Mogharebi Group (TMG) has facilitated the sale of The Landing Apartments, a 156-unit multifamily community in Ontario, California, for $50.5 million. The property, which features a mix of one- and two-bedroom units along with amenities like a pool, spa, and tennis court, was sold to a Los Angeles-based investor by an Orange County-based family that had owned the property for over two decades.

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Address3364 Honeybrook Way

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