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49 Unit Stabilized Community in Bakersfield Offered by The Mogharebi Crew


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49 Unit Stabilized Community in Bakersfield Offered by The Mogharebi Crew

BAKERSFIELD, Calif.–(BUSINESS WIRE)–The Mogharebi Group, (“TMG”) has completed the sale of Dana Apartments, a 49-unit community that is located on Dana Street in Bakersfield, CA. The property sold with multiple offers for a sales price of $5.25 million. Otto Ozen and Mark Bonas of The Mogharebi Group represented the seller, a private investment group and…

49 Unit Stabilized Community in Bakersfield Offered by The Mogharebi Crew

BAKERSFIELD, Calif.–()–The Mogharebi Crew, (“TMG”) has accomplished the sale of Dana Residences, a 49-unit neighborhood that is found on Dana Avenue in Bakersfield, CA. The property offered with extra than one affords for a sales price of $5.25 million. Otto Ozen and Rate Bonas of The Mogharebi Crew represented the seller, a inner most investment group and the patron, each and each based in Los Angeles, CA.

“Due to the the build a question to of for quality residing fashions, the property became once just no longer too long ago repositioned thru a whole renovation,” says Otto Ozen, Govt Vice President of The Mogharebi Crew. “As a result, the property became once absolutely occupied, producing a solid money-on-money return thru proven condominium growth. We aggressively marketed it to our checklist of high net price inner most prospects who’re currently procuring for change up-legs, this procedure generated extra than one affords and closed at 97% of checklist price.” Rate Bonas, Senior Vice President of The Mogharebi Crew concluded, “The property represented a gargantuan price without heavy lifting for the patron to capitalize on its plump doable.”

Constructed on a 2.34-acre discipline in 1968, the Dana Residences is found at 3600-3610 Dana Avenue in Bakersfield. It is found shut to Interstate Freeway 178, offering helpful in discovering entry to to all areas of Bakersfield, as successfully as the Central Valley and the negate. Dana Residences is approximately 10-munite power from Adventist Health Bakersfield, the fifth largest employer in Bakersfield.

Dana Residences aspects neighborhood amenities including a swimming pool, gated / controlled in discovering entry to, intercom entry system, 24-hour repairs, and central laundry facility. The property affords 49 two-bedroom fashions and featured an incredible making an are trying life like unit dimension of 1,121 sq. toes.

About The Mogharebi Crew: With unrivaled local knowledge, an extensive global network of high staunch property investors, cutting-edge work know-how, and teach in discovering entry to to capital, The Mogharebi Crew is the specific likelihood to meet the needs of foremost inner most investors and investment funds.

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