Updated Dec 20, 2023
Babak Tabarsi Sells Long Beach Development Site For $1.7M
6432 Long Beach Boulevard, Long Beach, CA, USA
$1,700,000
$68/SF
Building Size
25,000 SF
Asset Type
Development Site
Closing
Aug 31, 2020
About this deal
AI
A development site located at 6432 Long Beach in Long Beach has been sold for $1,700,000. The property spans 25,000 square feet, resulting in a price per buildable square foot of $68.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,700,000
The seller of the property was Babak Tabarsi. The brokers involved in the deal were Rafi Jacobi and Kyle Pari.
The development site sale at 6432 Long Beach Boulevard, Long Beach, CA, USA in Long Beach, California sold for $1.7M in 2020. The building is 25,000 square feet, implying about 68 per square foot on the published price. Rafi Jacobi, Kyle Pari, Matthews appear on the sale alongside Matthews. This page is the Long Beach, California file for the 6432 Long Beach Boulevard, Long Beach, CA, USA development site sold: pricing, party profiles, and other closed development site comps from the same Long Beach sit in the Market section below. Filter that Long Beach development site set by closing date to see what else sold near 6432 Long Beach Boulevard, Long Beach, CA, USA around 2020. Published consideration for 6432 Long Beach Boulevard, Long Beach, CA, USA is $1.7M, dated 2020. Cite this Babak Tabarsi Sells Long Beach Development Site For $1.7M sale when underwriting similar development site product around Long Beach, California.
Players
Long Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Rafi Jacobi to view all their deals.
Browse California development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93