Millennium Properties Acquires Long Beach Multifamily For $4.2M

Located in Long Beach, the multifamily property at 1128-1130 Raymond Ave. has recently been sold for a price of $4,200,000. The transaction took place on 12/30/2021, and the property consists of 24 units. The sale price per unit was $175,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,200,000
• Address: 1128-1130 Raymond Ave.
• Market: Long Beach

The buyer for this transaction was Millennium Properties, represented by Phil Manucheri. On the other hand, the seller was the C Living Trust, represented by Gibson Maria. Chris van Vuuren from Lyon Stahl Investment Real Estate acted as the broker in this deal.