The Mogharebi Group Arranges $56.6 Million Sale of 249-Unit Multifamily Community in Bakersfield, CA in Record-Breaking Transaction. Bakersfield, CA (September 16, 2024) – The Mogharebi Group has successfully arranged the $56.6 million ($227,309 per unit) sale of Old River Place, a 249-unit multifamily community, [located at 4907 Calais Ct., Bakersfield, CA 93311], in what is the largest sale of a single multifamily asset in Bakersfield history.