Updated Sep 9, 2024
The Mogharebi Group Brokers $21.5M Sale Of Loma Villas Multifamily In San Bernardino
415 E. Commercial Rd
$21,500,000
Units
21,500,000
Asset Type
MultiFamily
Closing
Apr 27, 2023
About this deal
AI
The Mogharebi Group (TMG) brokered the $21.5 million sale of Loma Villas, a 70-unit multifamily community in San Bernardino, California. The newly constructed development, located at 415 E. Commercial Rd., offers modern studio to two-bedroom units with amenities such as a pool, spa, and gym. Situated near key transportation routes and the new Loma Linda University Medical Center, the property provides convenient access to the surrounding area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,500,000
- Address: 415 E. Commercial Rd, San Bernardino, California
- Market: San Bernardino
Alex Mogharebi, Otto Ozen, and Bryan LaBar from The Mogharebi Group represented the parties involved in the sale of Loma Villas. This transaction marks a successful collaboration between the seller, buyer, and their respective representatives.
On the Map
$21,500,000
MultiFamily
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San Bernardino MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93