The Waterford Group Acquires MultiFamily Properties In Long Beach For $5.35M

The property involved in the transaction is a MultiFamily asset located at 311 Junipero Ave, Long Beach, CA. The sale took place on 09/27/2016, with the buyer identified as The Waterford Group and the seller as a Private Investor. The transaction amount totaled $5,350,000.00. The property consists of 26 units across two apartment buildings in the Carroll Park community of Long Beach.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $5,350,000.00
• Units: 26
• Address: 311 Junipero Ave, Long Beach, CA
• Market: Long Beach
• Buyer's Rep: Robert Stepp(Stepp Commercial)

Robert Stepp from Stepp Commercial acted as the representative for both the seller and the buyer in this deal. The Carroll Park community in Long Beach was the location of these two apartment properties, with one building featuring 16 units and the other containing 10 units. The properties offer various unit configurations, on-site laundry facilities, private garages, and a central courtyard, contributing to the appeal of the investment.