Mark Malan Purchases Multifamily Asset From Nelson Mathison In Long Beach For $2.5M

The asset involved in this transaction is a multifamily property located at 3515 East 1st Street in Long Beach. The property was sold for $2,500,000, which translates to a per unit price of $500,000. The total square footage of the property is 6,014, resulting in a price per square foot of $415.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,500,000
• Units: 5
• Location: 3515 East 1st Street, Long Beach
• Price Per Unit: $500,000
• Square Footage: 6,014
• Price Per Square Foot: $415
• Buyer: Mark Malan
• Seller: Nelson Mathison
• Brokers: Ryan Versfelt, Aaron Jacobson & Cameron Samimi - Lyon Stahl Investment Real Estate

This transaction involved key individuals with Mark Malan as the buyer and Nelson Mathison as the seller. The brokerage team representing the transaction included Ryan Versfelt, Aaron Jacobson, and Cameron Samimi from Lyon Stahl Investment Real Estate, highlighting the active participation of professionals in facilitating the sale.