Updated Jan 30, 2024
Berkshire Hathaway Acquires Pacific Pl Apartments In Long Beach For $66.5M
3333 Pacific Pl, Long Beach, California, USA
$66,500,000
$389/SF
Building Size
170,670 SF
Asset Type
MultiFamily
Closing
Nov 18, 2021
About this deal
AI
The apartment complex located at 3333 Pacific Pl in Long Beach, CA was recently sold for a price of $66,500,000. This property spans a total of 170,670 square feet, resulting in a price per square foot of $390.
Summary of transation details
- Property Type: Apartments
- Transaction Amount: $66,500,000
- Address: 3333 Pacific Pl
- Market: Long Beach, CA
- Square Footage: 170,670 SF
- Price per Square Foot: $390
The deal's key individuals and companies involved in this transaction include the buyer, seller, and the buyer's representative. However, no additional information is available regarding their identities.
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93