Alden Pacific Investments Completes the Sale of a 4-unit Apartment Building in Alamitos Beach
Updated: Oct 7, 2021
Alden Pacific Investments recently closed on a 4-unit building in Alamitos Beach. This property, located blocks away from Long Beach’s Retro Row, offers a unit mix of (1) 3bd/2ba, (1) 2bd/1ba, and (2) 2bd/1.5ba large townhome style units. Associate Sophie Shoemake represented the seller in this transaction, closing at one of the highest prices for a 4-unit in Alamitos Beach. This deal traded at a price of $1,560,000 and price per unit of $390,000, placing it at a CAP rate of 3.8% and GRM of 15.82.
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