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527 East 4th Street

Updated Nov 24, 2023

Holos Communities And Jamboree Housing Acquire Development Site In Long Beach For $6.1M
FINANCEDDevelopment Site

Holos Communities And Jamboree Housing Acquire Development Site In Long Beach For $6.1M

527 East 4th Street

$6,100,000

Building Size

Asset Type

Development Site

Closing

Jan 24, 2023

About this deal

AI

A development site located at 521-527 East Fourth Street and 101 East Pacific Coast Highway in Long Beach has been involved in a recent transaction. The property, situated in the Long Beach market, was the subject of a closed deal.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $6,100,000
  • Address: 521-527 East Fourth Street & 101 East Pacific Coast Highway, Long Beach
  • Market: Long Beach

In this transaction, the landlords involved were Holos Communities represented by Cristian Ahumada, and Jamboree Housing represented by Laura Archuleta. They played key roles in the deal for the development site.

Overall, the transaction for the development site at 521-527 East Fourth Street and 101 East Pacific Coast Highway in Long Beach was finalized at a loan amount of $6,100,000. The involvement of Holos Communities, represented by Cristian Ahumada, and Jamboree Housing, represented by Laura Archuleta, added significant value to the deal.

Players

Long Beach Development Site Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.60%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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