JUST SOLD | Downtown Long Beach | 52 Units | Value-Add | $11.8M

Robert Stepp represented the buyer in the closing of 401 W. 6th Street, a 52-unit apartment asset located in Downtown Long Beach. The buyer was able to take advantage of assumable financing at 3.2% for the remaining 5 years and plans to add in-unit washer/dryers, build multiple ADUs and reposition the property.