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1627 E Anaheim St, 1325 Gav...

Dr. Mohammed Rasekhi & Sheila Busheri Acquire Long Beach Multifamily For $1.57M
SOLDMultiFamily

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

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.

Players

Aaron Goodman

Marcus & Millichap

Broker

$19M

vol

5 deals

Broker

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