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

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).