Updated Sep 4, 2026
Luke Curran, Edgar De La Torre & Jake Douglas Purchase Multifamily Asset In Long Beach For $2.705M
939 Pacific Avenue
$2,705,000
$345/SF
Building Size
7,836 SF
Asset Type
MultiFamily
Closing
Sep 1, 2026
About this deal
AI
The property asset located at 939 Pacific Avenue in Long Beach is a multifamily unit with a total sale price of $2,705,000. It includes 13 units and spans 7,836 square feet, resulting in a price per unit of $208,076 and a price per square foot of $345.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,705,000
- Units: 13
- Square Footage: 7,836
- Price Per Unit: $208,076
- Price Per Square Foot: $345
- Buyer: Luke Curran, Edgar De La Torre & Jake Douglas
- Seller: Mark Slater
- Broker: Chris Van Vuuren - Lyon Stahl Investment Real Estate
The transaction was facilitated by broker Chris Van Vuuren, representing the seller Mark Slater. The involvement of Luke Curran, Edgar De La Torre, and Jake Douglas as buyers highlights the active investment interest in the Long Beach multifamily market.
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
5.86%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93