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The Mogharebi Group Brokers $21.5M Sale Of Loma Villas Multifamily In San Bernardino

Property Image
SOLD
$21,500,000
Bryan Labar
Otto Ozen
Alex Mogharebi

California

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MultiFamily
Sold 04/27/2023
the dealplayerscompscontact
Property Image
SOLD

The Mogharebi Group Brokers $21.5M Sale Of Loma Villas Multifamily In San Bernardino

415 E. Commercial Rd

See Similar Deals
MultiFamily
Sold 04/27/2023
Bryan Labar
Otto Ozen
Alex Mogharebi
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Alex Mogharebi
The Mogharebi Group
Alex Mogharebi
8 deals$280.4M volume
BROKER
Otto Ozen
The Mogharebi Group
Otto Ozen
24 deals$670.7M volume
BROKER
Bryan Labar
Bryan Labar
5 deals$231.2M volume
BROKER

Details

SOLD
IMAGE: Otto Ozen, Alex Mogharebi & Bryan LaBar DATE: 04/27/2023 ADDRESS: 415 E. Commercial Rd MARKET: San Bernardino ASSET TYPE: Multifamily BROKERS: Alex Mogharebi, Otto Ozen & Bryan LaBar - The Mogharebi Group SALE PRICE: $21,500,000 UNITS: 70 ~ PPU: $307,143 NOTE: The Mogharebi Group (TMG) brokered the $21.5 million sale of Loma Villas, a 70-unit multifamily community in San Bernardino, California, to a Southern California-based private investor. 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, and is situated near key transportation routes and the new Loma Linda University Medical Center.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,146,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$76,384.95
Cash-on-Cash Return-1.27%
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