The Mogharebi Group Facilitates $4.6 Million Sale Of College Apartments In Fresno, CA

The Mogharebi Group (TMG) facilitated the sale of College Apartments, a 40-unit multifamily property located at 4550-4596 East Sierra Madre Avenue in Fresno, CA. The property was sold for $4,600,000, with a price per unit of $115,000. The transaction took place on 12/12/2023.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $4,600,000
• Units: 40
• Price Per Unit: $115,000
• Address: 4550-4596 East Sierra Madre Avenue, Fresno, CA
• Market: Fresno

The sale of College Apartments in Fresno, CA was part of a complex six-property reverse 1031 exchange. TMG's Robin Kane and Brendan Kane, representing the Central Valley investor, assisted in selling smaller assets and acquiring two larger Fresno communities. These separate transactions involved a total of 137 units and approximately $20 million.