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Stepp Facilitates Long Beach 1031 Exchange
The three-property portfolio traded for $10.6 million or nearly $189,000 per unit and closed at a 4.6 percent cap rate.
Stepp Arranges Sale in Long Beach
The 15-unit multifamily property is in the Alamitos Beach submarket.
Long Beach Apartment Portfolio Trades Hands
By Dees Stribling, Contributing Editor 305 Coronado Ave. Long Beach, Calif.—Stepp Commercial has brokered the $4.4 million sale of a two-property, 22-unit apartment portfolio in the Belmont Heights submarket of Long Beach, Calif. Robert Stepp and Michael Toveg of Stepp Commercial represented the seller, Long Beach-based Colonna Trust, as well as the two
Increased investor interest in the Long Beach submarket continues with the $17.3 million sale of a three-property apartment portfolio arranged by Stepp Commercial.Los Angeles 11 April 2016 16:27