George Pappas Acquires Long Beach Multifamily Asset For $2.51M With Cameron Samimi As Rep

The property involved in the transaction is a multifamily asset located at 1711 Chestnut Avenue in Long Beach. The transaction was executed at a sale price of $2,510,000, comprising 12 units that total 8,557 square feet. The price per unit stands at $209,166, while the price per square foot is $293.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,510,000
• Units: 12
• Square Footage: 8,557
• Price Per Unit: $209,166
• Price Per Square Foot: $293
• Buyer: George Pappas
• Seller: Thien Phan & Julianne Lam Phan
• Buyer's Representative: Cameron Samimi - Lyon Stahl Investment Real Estate

The transaction featured George Pappas as the buyer, while Thien Phan and Julianne Lam Phan acted as the sellers. Cameron Samimi represented the buyer in this deal under the Lyon Stahl Investment Real Estate agency.