Kevin King & Kyle Blair Of Marcus & Millichap King Group Sell Multifamily Property In Rose Park, Long Beach For $12.4M
910 Freeman Avenue, Long Beach, CA 90804
$12,425,000
$458/SF
Building Size
27,124 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
AI
The multifamily property located at 910-930 Freeman in Rose Park, Long Beach has been sold. The sale was facilitated by brokers Kevin King & Kyle Blair from Marcus & Millichap King Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,425,000
- Units: 36
- Price per Unit (PPU): $345,139
- Square Footage: 27,124
- Price per Square Foot (PPSF): $458
The property consists of 36 units with a total square footage of 27,124. The transaction occurred on 12/15/2021 and the property is located at 910-930 Freeman in Rose Park, Long Beach. The sale price for the property was $12,425,000, with each unit priced at $345,139. The price per square foot of the property was $458. Kevin King & Kyle Blair from Marcus & Millichap King Group represented the involved parties in the transaction.
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
1.28%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93