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:
- Property Type: Multifamily
- Transaction Amount: $1,875,000
- Units: 8
- Square Footage: 4,474
- Price Per Unit: $234,375
- Price Per Square Foot: $419
- Buyer: Shawn Shirdel
- Seller: Jamie Lodge
- Broker for Seller: Aaron Jacobson - Lyon Stahl Investment Real Estate
- Broker for Seller: Cameron Samimi - Lyon Stahl Investment Real Estate
- Broker for Buyer: Shawn Shirdel - Sotheby's International Realty
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
Long Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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