Bryan LaBar and Otto Ozen of The Mogharebi Group arranged the sale of an independent living community in San Bernardino, California. Built in 1984, the four-story building has 71 one-bedroom units and a total of 36,200 square feet on a one-acre site. Messrs. LaBar and Ozen represented the seller, a Los Angeles-based private investment group, in the deal. Another private investment group based in the San Gabriel Valley paid $7.24 million, or $102,000 per unit, for the property. The Mogharebi Group specializes in multifamily property sales throughout California, but it is not often we see them in seniors housing.
The Mogharebi Group Handles Seniors Housing Sale
