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
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.
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