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

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SOLD
$1,875,000

California

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MultiFamily4,474 SF
Sold 10/11/2024
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Property Image
SOLD

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

1436 East 4th Street

See Similar Deals
MultiFamily4,474 SF
Sold 10/11/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$419
Total Square Footage:4,474 SF
Transaction Type:Sale

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
50 deals$136.6M volume(310) 259-7556
BROKER

Aaron Jacobson
Lyon Stahl Investment Real Estate
19 deals$46.7M volume
BROKER

Shawn Shirdel
Sotheby's International Realty
4 deals$18M volume(310) 770-2262
BROKER

Details

SOLD
IMAGE: Aaron Jacobson, Cameron Samimi & Shawn Shirdel DATE: 10/11/2024 ADDRESS: 1436 East 4th Street MARKET: Long Beach ASSET TYPE: Multifamily BUYER: Shawn Shirdel SELLER: Jamie Lodge BROKERS: Aaron Jacobson (@MrAaronJacobson) & Cameron Samimi (@Samimimonster) - Lyon Stahl Investment Real Estate; Shawn Shirdel (@ShawnShirdel) - Sotheby's International Realty SALE PRICE: $1,875,000 UNITS: 8 ~ PPU: $234,375 SF: 4,474 ~ PPSF: $419

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$100,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,661.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,888.46
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