Updated Dec 21, 2023
Dr. Mohammed Rasekhi & Sheila Busheri Acquire Long Beach Multifamily For $1.57M
1627 E Anaheim St, 1325 Gaviota Ave
$1,570,001
$314/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
About this deal
AI
The multifamily property located at 1627 E Anaheim St, Long Beach, was sold in a closed transaction for a price of $1,570,000. The property spans across 5,000 square feet, resulting in a price per square foot of $314.00.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,570,000
- Address: 1627 E Anaheim St, Long Beach
- Market: Long Beach
The buyer of the property is Dr. Mohammed Rasekhi and Shelia Busheri, while the seller is Palo Plesnik and Crystal Huang. The deal was facilitated by brokers Aaron Goodman, Ryan Serling, Martin Agnew, and Raffaele Suprano from the Agnew Serling Group.
On the Map
$1,570,001
$314/SF
MultiFamily
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New York 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
10.10%
Cash-on-Cash
-2.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93