MG Properties has picked up a 185-unit apartment complex in Fremont for $85 million.
The four-story complex, built in 2017 south of Alameda Creek and Quarry Lakes Regional Recreation Area, contains one- and two-bedroom apartments and includes a luxury pool, fitness center, a dedicated art gallery and event space.
Each apartment contains a gourmet kitchen with pantry, custom wood cabinets and quartz counters, in-home laundry rooms, 9- and 12-foot ceilings and private patios and balconies, according to the Artists Walk website.
Rents range from $3,031 to $4,709 a month, according to Greystar.
— Dana Bartholomew
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MG Properties has picked up a 185-unit apartment complex in Fremont for $85 million. The San Diego-based investor bought the Artists Walk Apartments at 3888 Artist Walk Common in Centerville, the San Jose Mercury News reported. The seller was undisclosed. The price came out to $485,000 per unit. The four-story complex, built in 2017 south
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Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.