Updated Oct 29, 2024
Tobnic LLC Acquires Belmont Heights Multifamily For $1.11M
222 Roswell Avenue, Long Beach, CA 90803, USA
$1,111,600
$452/SF
Building Size
2,456 SF
Asset Type
MultiFamily
Closing
Jun 27, 2019
About this deal
AI
The multifamily property located at 222 Roswell Ave in Belmont Heights/Long Beach has been sold in a recent transaction. The sale took place on 06/28/2019.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,111,600
- Square Footage: 2,456
- Price Per Square Foot: $452.61
The buyer of the property is Tobnic LLC, while the seller is Julia Bongard. The transaction was facilitated by Dana Coronado from KW Commercial, who represented both parties.
The multifamily sale at 222 Roswell Avenue, Long Beach, CA 90803, USA in Long Beach, California sold for $1.1M in 2019. The building is 2,456 square feet, implying about 452 per square foot on the published price. Dana Coronado, Equity Union Real Estate appear on the sale alongside Equity Union Real Estate. This page is the Long Beach, California file for the 222 Roswell Avenue, Long Beach, CA 90803, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Long Beach sit in the Market section below. Filter that Long Beach multifamily set by closing date to see what else sold near 222 Roswell Avenue, Long Beach, CA 90803, USA around 2019. Published consideration for 222 Roswell Avenue, Long Beach, CA 90803, USA is $1.1M, dated 2019. Cite this Tobnic LLC Acquires Belmont Heights Multifamily For $1.11M sale when underwriting similar multifamily product around Long Beach, California.
On the Map
$1,111,600
$452/SF
MultiFamily
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Players
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
14.27%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93