Eliezer Chitrik Purchases Multifamily Property In Long Beach For $1,675,000 With Cameron Samimi As Buyer's Rep
1621 East 1st Street
$1,675,000
$285/SF
Building Size
5,869 SF
Asset Type
MultiFamily
Closing
Jul 24, 2026
AI
The asset involved in this transaction is a MultiFamily property located at 1621 East 1st Street in the Long Beach market. The sale was completed for a price of $1,675,000, which reflects a price per unit of $418,750 for the 4 units present in the building. The total square footage of the property is 5,869, corresponding to a price per square foot of $285.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,675,000
- Units: 4
- Price Per Unit: $418,750
- Square Footage: 5,869
- Price Per Square Foot: $285
- Buyer: Eliezer Chitrik
- Seller: Aphrodite Boosalis
- Buyer's Representative: Cameron Samimi - Lyon Stahl Investment Real Estate
The deal was facilitated by Cameron Samimi, who represented the buyer, Eliezer Chitrik, in this transaction. The seller, Aphrodite Boosalis, completed the deal for the MultiFamily property in Long Beach, indicating a successful negotiation process between the involved parties.
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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93