IRA Capital Acquires Multifamily Portfolio In Long Beach For $41.9M
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This MultiFamily property located in CA was sold for $41,850,000 over 2 years ago. The brokers of the deal were Larry Bustamante, Travis Traweek, John Alden, Michael Toveg, and Robert Stepp
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- LocationLong Beach, California, United States
- Sale Price$41,850,000$372 PPSF
- Area112,240 SF
- Asset TypeMultiFamily
- Parties5 Brokers, 2 Agencies
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Deal Summary
SALE
IMAGE: Robert Stepp, Mike Toveg, John Alden, Larry Bustamante & Travis Traweek
DATE: 10/25/2021
ADDRESS: 726 Maine Ave., 811 Gardenia Ave., 432-440 & 834 Walnut Ave., 1049 E. 5th St., 621 Cerritos Ave., 1512 E. Florida Ave., 436 & 1042-1050 Gaviota Ave., 335 Orange Ave., 2652-2706 E. 15th St., 736-744 Olive Ave., 820 Lime Ave., 722-E., 441 Dawson Ave., 1086 & 1128 Stanley Ave.
MARKET: Long Beach
ASSET TYPE: Multifamily
BUYER: IRA Capital - Amer Kasm
BUYER'S REP: John Alden - Alden Pacific Investments (@Alden_Pacific_Investments)
SELLER'S REP: Robert Stepp (@RobStepp1), Travis Traweek (@TraweekCRE) & Mike Toveg (@Mtoveg) - Stepp Commercial (@Stepp_Commercial) & Larry Bustamante (@Larry_Bustamante) - Coldwell Banker
SALE PRICE: $41,850,000
UNITS: 155 ~ PPU: $270,000
SF: 112,240 ~ PPSF: $373
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Alden Pacific Investments, Stepp Commercial & Coldwell Banker brokers deal for $41.85M in Long Beach
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