Updated Nov 3, 2026
Taihu Quan & Jianhua Song Acquire 7-Unit Multifamily Property In Long Beach For $1.2M
531 West 5th Street
$1,200,000
$358/SF
Building Size
3,344 SF
Asset Type
MultiFamily
Closing
Oct 2, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 531 West 5th Street in Long Beach. The sale price for the asset was $1,200,000, encompassing a total of 7 units. The property spans 3,344 square feet, translating to a price per unit of $171,428 and a price per square foot of $358.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 531 West 5th Street
- Market: Long Beach
- Units: 7
- Square Feet: 3,344
- Price Per Unit: $171,428
- Price Per Square Foot: $358
- Buyer: Taihu Quan & Jianhua Song
- Seller: Jason Aftalion
- Seller's Representative: Cameron Samimi & Aaron Jacobson - Lyon Stahl Investment Real Estate
The buyers of the property are Taihu Quan and Jianhua Song, while the seller is Jason Aftalion. Representing the seller in this transaction are Cameron Samimi and Aaron Jacobson from Lyon Stahl Investment Real Estate.
On the Map
$1,200,000
$358/SF
MultiFamily
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Long Beach MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93