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1436 East 4th Street

Shawn Shirdel Acquires Long Beach Multifamily Property For $1.875M From Jamie Lodge
SOLDMultiFamily

Shawn Shirdel Acquires Long Beach Multifamily Property For $1.875M From Jamie Lodge

1436 East 4th Street

$1,875,000

$419/SF

Building Size

4,474 SF

Asset Type

MultiFamily

Closing

Oct 11, 2024

AI

The property asset involved in this transaction is a multifamily building located at 1436 East 4th Street in Long Beach. It encompasses a total of 8 units within a square footage of 4,474. The sale price was $1,875,000, equating to a price per unit of $234,375 and a price per square foot of $419.

Summary of transaction details:

The transaction was facilitated by Aaron Jacobson and Cameron Samimi representing the seller, Jamie Lodge, while Shawn Shirdel represented himself as the buyer. This arrangement highlights the involvement of multiple real estate professionals in the successful closure of this deal.

Players

Cameron Samimi
Verified Badge

Cameron Samimi

Lyon Stahl Investment Real Estate

Broker

$141.4M

vol

51 deals

Broker

Long Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.46%

Cash-on-Cash

-2.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93