SOLD
The Mogharebi Group Brokers $21.5M Sale Of Loma Villas Multifamily In San Bernardino
415 East Commercial Road
MultiFamily
Sold 290 days ago
Summary
Sale
CALIFORNIA
MultiFamily
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
All
4
Agents
3
Agencies
1
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.View on map
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Address415 East Commercial Road
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