Stepp Commercial Sells Condo Portfolio In Long Beach For $3.8M
SOLD
$3,825,000
California
See Similar Deals8,103 SF
Sold 09/08/2022
SOLD
Stepp Commercial Sells Condo Portfolio In Long Beach For $3.8M
601 Linden Avenue
See Similar Deals8,103 SF
Sold 09/08/2022
Summary
CALIFORNIA
Price Per Square Foot:$472
Total Square Footage:8,103 SF
Transaction Type:Sale
A condo located at 601 Linden Avenue in Long Beach recently sold for $3,825,000. The property consists of 12 units with an average price per unit (PPU) of $318,750. The total square footage of the condo is 8,103, resulting in a price per square foot (PPSF) of $472.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,825,000
- Address: 601 Linden Avenue
- Market: Long Beach
- Units: 12
- PPU: $318,750
- Square Footage: 8,103
- PPSF: $472
The transaction was facilitated by Robert Stepp, John Alden, and Michael Toveg from Stepp Commercial.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$204,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,589.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,132.45
Annual Debt Service$217,589.42
Is there something missing? Send suggestions