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California  + Inland Empire  + Apartments  | 
$46M Gets Ontario Apartment Community ReNew Mills

Ontario’s Charlmont Village Sells for $24M

A Beverly Hills-based private investment group has purchased the 55-unit, 3.5-acre Charlmont Village Townhomes in Ontario, CA. Built in 1984, the property offers two-, three- and four-bedroom units with attached garages that average 1,100 square feet. Otto Ozen with Mogharebi Group represented the seller.

The acquisition indicates that the Inland Empire continues to be red hot for multifamily assets, with the Charlmont sales price of $435,000 per unit representing a 65% year-over-year increase over last year’s median price in the region. 

Located at 1625 East G St., Charlmont Village Townhomes has easy access to Interstate 10 and Ontario Airport, is in proximity to several employment centers and is just 40 miles east of downtown Los Angeles.

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Inside The Story

The Mogharebi Group

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition
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