Jignesh Patel Of Sage Real Estate Represents Buyer In $1.85M Multifamily Sale In Long Beach

The transaction involves a multifamily asset located at 927 Belmont Avenue in Long Beach. The property comprises 7 units and has a total square footage of 5,261. The sale price achieved for this asset was $1,850,000, resulting in a price per unit of $264,285 and a price per square foot of $351.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,850,000
• Units: 7
• Square Footage: 5,261
• Price Per Unit: $264,285
• Price Per Square Foot: $351
• Buyer's Representative: Jignesh "Jack" Patel - Sage Real Estate
• Seller's Representative: Nick Kazemi - Marcus & Millichap

The key individuals in this transaction include buyer's representative Jignesh "Jack" Patel from Sage Real Estate and seller's representative Nick Kazemi from Marcus & Millichap, who facilitated the negotiation and completion of this sale.