Modesto Apartment Community Sells for $20.4MM

MODESTO, Calif.--The Mogharebi Group ("TMG") has completed the sale of Park Lakewood Apartment Homes, a 116-unit community in Modesto. The property sold for $20,400,000 ($175,862 per unit) with multiple offers. Alex Mogharebi and Otto Ozen of The Mogharebi Group represented the seller (Ed. Note: Tilden Properties), a Northern California based investor. The buyer was a private investor, also based in Northern California. […]