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Sierra Gardens Apts Sell for $5.4M

Investors Acquire 64-Unit Complex in Fontana
By Rory Hillenga
January 2, 2013 | 10:26 P.M.

Tayebi Sierra LLC and SGA Partners LP closed escrow on the purchase of Sierra Gardens Apartment Homes at 16787 Miller Ave. in Fontana, CA. The property sold for $5.4 million, or about $84,000 per unit. The buyers are comprised of a 90-10 partnership, with Tayebi Sierra LLC controlling the larger share.

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