IE Business Daily Business news for the Inland Empire.
A 120-unit multifamily development in Victorville that will be used for affordable housing has been sold for $21 million.
Golden Sands Apartments was purchased by Aspen Real Estate Financial LLC, in partnership with the Housing Authority of the County of San Bernardino and the California Affordable Housing Agency, according to CBRE.
CBRE represented seller, Hanes Golden Sands Apartments LP.
This is the second time in eight months that CBRE has negotiated the sale of a multifamily property to the county housing authority and the affordable housing agency, In June 2025, both entities bought Echo Apartment Homes, a 38‑unit property in San Bernardino, for $12.3 million.
The county housing authority will operate the property.
Built in 1988, Golden Sands Apartments is located at 15930 Nisqualli Road. It’s a gated property consisting of 24 one‑bedroom units, 48 two‑bedroom/one‑bath units and 48 two‑bedroom/two‑bath units that range from 620 to 920 square feet, according to CBRE.
