Updated Dec 21, 2023
Eng Gan Acquires 6-Unit Multifamily In Long Beach For $1.7M
445 East 55th Street, Long Beach, CA, USA
$1,728,000
$334/SF
Building Size
5,170 SF
Asset Type
MultiFamily
Closing
Aug 27, 2021
About this deal
AI
A multifamily property located at 445 E. 55th Street in Long Beach has been sold for a total price of $1,728,000. The property consists of 6 units with an average price per unit of $288,000. It spans across 5,170 square feet, resulting in a price per square foot of $334.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,728,000
- Date: 08/27/2021
- Market: Long Beach
The buyer of the property was Eng Gan, while the seller was Brian Tan.
The brokers involved in the deal were Ari Gharib and Ali Lodin, representing their respective agencies.
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
9.18%
Cash-on-Cash
-2.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93