Updated Nov 24, 2023
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
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
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