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1621 East 1st Street

Eliezer Chitrik Purchases Multifamily Property In Long Beach For $1,675,000 With Cameron Samimi As Buyer's Rep
SOLDMultiFamily

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:

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.

Players

Cameron Samimi
Verified Badge

Cameron Samimi

Lyon Stahl Investment Real Estate

Broker

$152.5M

vol

56 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

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93