David Shelly Acquires Multifamily Asset In Long Beach For $4.73M With Lyon Stahl Investment Real Estate

The property is a multifamily asset located at 1225 Bennett Avenue in Long Beach, comprising 17 units. The sale price for the property was $4,730,000, which equates to a price per unit of $278,235. The total square footage of the building is 16,503, resulting in a price per square foot of $286.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,730,000
• Address: 1225 Bennett Avenue
• Market: Long Beach
• Units: 17
• Price Per Unit: $278,235
• Square Footage: 16,503
• Price Per Square Foot: $286
• Buyer: David Shelly
• Seller: Takayo Yang, Violet Yang & Kent Yang
• Buyer's Representative: Cameron Samimi & Sasha Savar - Lyon Stahl Investment Real Estate
• Seller's Representative: Brett Lyon & Woody Stahl - Lyon Stahl Investment Real Estate

Cameron Samimi and Sasha Savar represented the buyer, David Shelly, in this transaction. The seller, Takayo Yang, Violet Yang, and Kent Yang, were represented by Brett Lyon and Woody Stahl, both affiliated with Lyon Stahl Investment Real Estate.