News & Info

Stay up-to-date with the latest headlines, market trends, and industry insights.

July 2, 2020 #Awards

Los Angeles Business Journal: Who’s Brokering L.A.

Robert and Kimberly Stepp have been recognized for the fifth straight year by Los Angeles Business Journal’s Who’s Brokering L.A…. Read more »

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June 15, 2020 #Headlines

Stepp Commercial completes $12.8 million acquisition of a 173-unit apartment property in Phoenix

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed $12.8 million acquisition of Ocotillo Apartments,… Read more »

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June 9, 2020 #Headlines

Stepp Commercial Promotes Long Beach Multifamily Sales Expert Todd Hawke to Senior Vice President

Long Beach, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, is pleased to announce it… Read more »

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May 6, 2020 #Headlines

Multifamily Buyers, Sellers Are Ready and Waiting

The real issue is pricing, which will remain a challenge until COVID-19 releases its hold on the U.S. economy, note… Read more »

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March 18, 2020 #Sales Long Beach

Stepp Commercial Completes $4.69 Million Sale of Apartment Property in Alamitos Beach Submarket of Long Beach

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately… Read more »

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March 18, 2020 #Sales Long Beach

Stepp Commercial Completes $4.69 Million Sale of Apartment Property in Alamitos Beach Submarket of Long Beach

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately… Read more »

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March 17, 2020 #Sales Long Beach

Stepp Commercial Completes $2.45 Million Sale of a 7-Unit Apartment Property in Long Beach, CA

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $2.45 million sale of… Read more »

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February 26, 2020 #Headlines

Why It’s an Epic Time To Be a Multifamily Investor

Conditions are ideal on both a macroeconomic and an industry-specific basis to be riding the real estate wave, says Mark… Read more »

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January 10, 2020 #Sales Long Beach

Stepp Represents Buyer on Once-in-a-Lifetime Trophy Asset

Stepp Commercial represented a private investor in the acquisition of the 60-unit Surf Terrace apartments at 11 S. Termino Ave…. Read more »

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December 13, 2019 #Sales Los Angeles

Stepp Completes $10.7 Million Sale of Gramercy Hollywood a 28-Unit Apartment Property in Hollywood

Stepp Commercial has completed the $10.7 million sale of Gramercy Hollywood, a 28-unit apartment property located at 1836 N. Gramercy… Read more »

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December 10, 2019 #Awards

Kimberly Stepp Honored as 2019 Bisnow Los Angeles Power Women

Congratulations to our very own for being honored as a Bisnow 2019 Los Angeles Power Women!  These awards recognize dynamic women… Read more »

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December 10, 2019 #Sales Long Beach

Stepp Completes $14.95 Million Sale of Two Adjacent Apartment Properties Totaling 48 Units in Long Beach

  Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $14.95 million off-market sale… Read more »

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December 9, 2019 #Sales Santa Monica

Stepp Completes $1.7 Million Sale of Oak Street Bungalows in Santa Monica, CA

PACIFIC PALISADES, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $1.7… Read more »

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December 6, 2019 #Headlines

Mark Ventre Featured in Commercial Property Executive

“If most of the buyers are value-add, who’s buying the stabilized deals that have already been renovated?” Stepp Commercial Senior… Read more »

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December 4, 2019 #Sales Los Angeles

Stepp completes $6.75 million sale of Rolling Hills Gardens Apartments, in Lomita, California

Stepp has completed the $6.75 million sale of Rolling Hills Gardens Apartments, a 24-unit apartment building located at 25925 Viana Avenue,… Read more »

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November 27, 2019 #Sales Los Angeles

Stepp Completes $2 Million Sale of Value-Add Apartment Property in Venice

Stepp has completed the $2 million sale of a five-unit apartment property situated just one block from Venice Beach and… Read more »

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November 25, 2019 #Sales Long Beach

Stepp Completes $4.38 Million Sale of 1316-22 E. 3rd Street in Long Beach

    Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $4.38 million… Read more »

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November 25, 2019 #Sales Long Beach

Stepp Completes $4 Million Off-Market Sale of Apartment in Alamitos Beach

  LOS ANGELES, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4… Read more »

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November 19, 2019 #Headlines

Long Beach Multi-Family Owners Brace For Statewide Rent Control

By Samantha Mehlinger, Editor In October, Gov. Gavin Newsom signed Assembly Bill (AB) 1482, which as of January 1, 2020… Read more »

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November 19, 2019 #Sales Santa Monica

Stepp Completes $1.7 Million Sale of Oak Street Bungalows in Santa Monica

Stepp Commercial has completed the $1.7 million sale of Oak Street Bungalows, a five-unit apartment property located at 2444 Oak… Read more »

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November 11, 2019 #Sales Santa Monica

Stepp Completes $4.05 Million Sale of The Suites on Lincoln in Santa Monica

Stepp has completed the $4.05 million sale of The Suites on Lincoln, located at 911 Lincoln Boulevard, just south of… Read more »

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October 31, 2019 #Sales Long Beach

Stepp Completes $3.05 Million Sale of 8-Unit Apartment Property in Long Beach

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.05 million sale of an… Read more »

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October 30, 2019 #Awards

Stepp Commercial Named One of LABJ’s Most Influential Family-Owned Businesses in Los Angeles

We’re proud to have been named one of the Most Influential Family-Owned Business in Los Angeles by Los Angeles Business… Read more »

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October 30, 2019 #Sales Los Angeles

Stepp Completes $2.9 Million Sale of an Apartment Property in the Heart of the Historic Fairfax/Melrose District

Stepp has completed the $2.9 million sale of 652 North Hayworth, a two-story, nine-unit apartment property in Los Angeles near… Read more »

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October 23, 2019 #Sales Los Angeles

Stepp Completes $2.25 Million Sale of a 10-Unit Apartment Property in Atwater Village

Stepp has completed the $2.25 million sale of a fully occupied, value-add 10-unit apartment property located at 3222 Hollydale Drive… Read more »

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October 22, 2019 #Headlines

Mark Ventre Featured in Multihousing News

“The best path to alleviate the affordability crisis is not implementing rent control, but rather easing regulations, reducing impact fees… Read more »

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October 11, 2019 #Awards

GlobeSt. Recognizes Stepp Commercial as a Top Influencer in Multifamily

Stepp Commercial has found extraordinary success in its client-centric perspective. The multifamily brokerage firm focuses efforts on utilizing a relationship-based… Read more »

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October 10, 2019 #Sales Long Beach

Stepp Completes $2.85 Million Sale of Fully Remodeled 12-Unit Property

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.85 million sale of a… Read more »

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October 7, 2019 #Sales Long Beach

Stepp Completes $2.1 Million Sale of 8-Unit Property in Alamitos Beach

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.1 million sale of an… Read more »

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September 23, 2019 #Sales Santa Monica

Stepp Completes $10.75 Million Sale of Shoreland Plaza, a Trophy Apartment Property in a Prime Santa Monica

Stepp has completed the $10.75 million sale of Shoreland Plaza Apartments, a 20-unit apartment property in prime Santa Monica near… Read more »

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August 12, 2019 #Sales Long Beach

Stepp Completes $1.82 Million Sale of 8-Unit Property in Eastside Long Beach

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $1.82 million sale of… Read more »

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July 25, 2019 #Sales Long Beach

Stepp Completes $4.65 Million Sale of a Value-Add 20-Unit Property in North Long Beach

Long Beach, Calif. July 25, 2019 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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July 23, 2019 #Sales Los Angeles

Stepp Completes $4.44 Million Sale of 14-Unit Apartment Property Near Downtown Culver City

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $4.44 million sale of… Read more »

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July 9, 2019 #Sales Los Angeles

Stepp Completes $3.29 Million Sale of Ocean Park Gardens Apartments in Los Angeles

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately $3.29 million sale of… Read more »

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July 1, 2019 #Uncategorized

Hollywood Media District Deal Offers 30% in Upside

An eight-unit apartment property in the heart of Hollywood’s Media District traded hands for $2.37 mil ($296k/unit). The property is… Read more »

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June 26, 2019 #Awards

Robert Stepp Recognized in LABJ’s “Who’s Brokering Los Angeles” 2019

Robert Stepp is recognized as a top broker by the Los Angeles Business Journal. Read more at: https://bit.ly/2PCat4q

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June 24, 2019 #Sales Los Angeles

Stepp Completes $12.55M Sale of Parc Regency in Winnetka

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $12.55 million sale of Park Regency,… Read more »

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June 22, 2019 #Sales Santa Monica

Santa Monica Prices Continue to Break Records

    A 14-unit apartment complex in Santa Monica has traded hands between two private investors for $8.5 million. The… Read more »

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June 18, 2019 #Sales Santa Monica

Stepp Completes $4.8 Million Sale of CJ Apartments

LOS ANGELES, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.8… Read more »

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June 16, 2019 #Awards

Kimberly Stepp Named One of GlobeSt.com’s 2019 Women of Influence

For the 26th year, GlobeSt.com and the Real Estate Forum have covered the achievements of women in commercial real estate…. Read more »

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June 14, 2019 #Sales Los Angeles

Stepp Completes Record-Breaking $5.4 Million Sale of Vacant 4-Unit New Construction Townhome Property in Venice

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.4 million sale of a… Read more »

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May 12, 2019 #Headlines

Kimberly Stepp Featured in Multi-Housing News

“As local buyer activity wanes, there has been an expanded interest by young, aggressive investor demographics from outside of the… Read more »

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March 25, 2019 #Sales Long Beach

Six Units in Alamitos Beach Sells for $433,333 Per Unit

May 28, 2019– Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.6 million sale… Read more »

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March 23, 2019 #Sales Los Angeles

Stepp Brokers 26-Unit Asset in Downey for $5,989,000

Stepp Commercial worked with the buyer to purchase Bellflower Boulevard Apartments, a 26-unit asset in Downey, California.  Located in a… Read more »

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March 15, 2019 #Sales Los Angeles

Stepp Completes $6.6 Million Sale of a 20 Unit Property in the Heart of Koreatown

Stepp Commercial has completed the $6.6 million sale of 500 South Saint Andrews Place in the heart of Koreatown. Situated… Read more »

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March 14, 2019 #Sales Los Angeles

Stepp Sells Sunset Formosa in Hollywood for $12.4 Million

The Sunset Formosa, a 36-unit apartment in Hollywood, sold for $12.4 million, Stepp Commercial announced March 19. Stepp Commercial’s Darin… Read more »

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March 12, 2019 #Sales Long Beach

1969 Cedar Avenue Sells for $295,833 Per Unit

May 22, 2019   LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market,… Read more »

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March 7, 2019 #Headlines

Robert Stepp Featured in Long Beach Business Journal

“The city’s business-friendly efforts have been successful in attracting and retaining world-class corporations, and we’ve seen an influx of a… Read more »

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March 2, 2019 #Sales Santa Monica

Stepp Brokers $8.88 Million Sale of Royal Pacific Apartments in Prime Santa Monica

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $8.88 million sale of Royal… Read more »

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February 26, 2019 #Sales Santa Monica

Stepp Completes $20.6 Million Apartment Portfolio Sale Totaling 43 Units in Santa Monica

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $20.6 million portfolio sale of… Read more »

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February 20, 2019 #Headlines

Long Beach Business Journal: Easing Interest Rates Revive Multi-family Investment

“Again, interest rates strongly impact the market, so if they begin to tick upwards again, we will see a slow-down… Read more »

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February 20, 2019 #Sales Long Beach

Stepp Completes $5.2 Million Sale of 16-Unit Apartment Property

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.2 million sale of a… Read more »

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February 10, 2019 #Sales Long Beach

Stepp Completes $11.05 Million Portfolio Sale in Eastside Long Beach

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $11.05 million portfolio sale of… Read more »

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February 5, 2019 #Sales Long Beach

Stepp Completes $5 Million Sale of 24-Unit Apartment Property in Signal Hill

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5… Read more »

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January 23, 2019 #Sales Long Beach

Stepp Completes Portfolio Sale of Two Apartment Buildings

Stepp Commercial, a leading multifamily brokerage 􀀁rm in the Los Angeles market, has completed the portfolio sale of two apartment… Read more »

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January 22, 2019 #Sales Santa Monica

Stepp Arranges Sale of Santa Monica Community

Stepp Commercial has facilitated the sale of Aloha Apartments, a nine-unit community in Santa Monica, Calif. Dinwiddle Family Trust traded… Read more »

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January 1, 2019 #Headlines

GlobeSt.com Santa Monica Apartment Cap Rates Held Steady in 2018

Santa Monica apartment cap rates held steady in 2018, with pricing both per unit and per square foot consistent with… Read more »

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September 29, 2018 #Sales Long Beach

Stepp Closes Two Multi-Million-Dollar Deals

  Stepp Commercial Principal Robert Stepp represented the seller, Los Angeles-based 765 Cerritos LLC, in the $5.48 mil-lion sale of… Read more »

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August 21, 2018 #Sales Los Angeles

Stepp Completes $4.6 Million Sale of Washington Place Apartments

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.6 million sale of Washington… Read more »

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August 8, 2018 #Sales Los Angeles

Stepp Completes $2.76 Million Sale of The Hayworth Apartments, West Hollywood

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.76 million sale of The… Read more »

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August 7, 2018 #Headlines

Industry Veteran Darin Beebower Joins Stepp Commercial

Stepp Commercial Names Darin Beebower as Executive Vice President 25-year multifamily industry veteran joins Stepp Commercial from Madison Partners LOS ANGELES,… Read more »

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July 24, 2018 #Headlines

GlobeSt.com: DT Long Beach Poised for Rapid Growth

Long Beach in general, and specifically Downtown Long Beach, is poised for major growth. Rent control was recently voted down… Read more »

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July 22, 2018 #Sales Los Angeles

1950’s Apartment Building in LA’s Palms Neighborhood Sells for $350K/Unit

Durango Village, a 16-unit apartment building in the Palms neighborhood of West Los Angeles, was purchased by a local family… Read more »

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July 18, 2018 #Awards

Los Angeles Business Journal Women’s Council & Awards Nomination

Stepp Commercial would like to congratulate our Principal and Co-Founder, Kimberly R. Stepp, for her Los Angeles Business Journal’s Women’s… Read more »

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July 13, 2018 #Headlines

Stepp Commercial Completes $50.8 Million Sale of Patio Gardens in Long Beach

Stepp Commercial represented both sides in the sale of Patio Gardens, a 127-unit apartment community in Long Beach, Calif., which… Read more »

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May 8, 2018 #Headlines

Stepp Commercial Profiled in Long Beach Business Journal

Long Beach Business Journal’s Real Estate Quarterly Profiles Stepp Commercial.  Read article…

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May 3, 2018 #Headlines

NREI.com: Small Balance CRE Borrowers Find Open Doors

Borrowers looking to finance deals under $5 million are finding plenty of options beyond just their local banker. As capital… Read more »

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May 3, 2018 #Headlines

GlobeSt.com: Why Multifamily Owners are Selling in Santa Monica

With the potential repeal of Costa Hawkins and slightly increasing cap rates, sellers that have been hesitant to sell are… Read more »

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March 22, 2018 #Sales Santa Monica

Stepp brokered the sale of a six-unit apartment property

Stepp Commercial brokered the sale of a six-unit apartment property at 2206-2208 1/2 Ocean Park Blvd. in the Sunset Park… Read more »

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March 20, 2018 #Sales Long Beach

Stepp Commercial Completes $10M Sale in Long Beach

Waterford Residential acquired a four-story, 36-unit Long Beach community near the Recreation Park Golf Course, Bluff Park and Alamitos, Junipero… Read more »

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March 7, 2018 #Awards

Stepp Commercial – 2018 LABJ Commercial Real Estate Awards Top Broker Nominees

Congratulations to Robert and Kimberly Stepp, Principals of Stepp Commercial, for being selected as nominees for the Los Angeles Business Journal (LABJ) 2018… Read more »

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February 21, 2018 #Sales Long Beach

Stepp Completes $8 Million Sale of Anaheim Road Apartments in Long Beach, CA

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $8… Read more »

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February 12, 2018 #Sales Los Angeles

Stepp Completes Sale of Barrington Apartments in West Los Angeles Neighborhood

SANTA MONICA, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has successfully negotiated the… Read more »

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January 22, 2018 #Sales Los Angeles

Stepp Completes $2.03 Million Acquisition of Niagara Apartments in Echo Park, California

LOS ANGELES, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately… Read more »

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January 17, 2018 #Headlines

GlobeSt.com: Tax Plan Will Encourage More Multifamily Activity

January 16, 2018 | By Kelsi Maree Borland The new tax plan and the still historically low interest rates will… Read more »

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January 14, 2018 #Sales Long Beach

Stepp Completes $4.4 Million Sale of Apartment Property Near Downtown Long Beach

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.4 million sale of a… Read more »

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January 10, 2018 #Sales Los Angeles

Stepp Completes $2.6 Million Sale of Beachwood Apartments in Hollywood

WEST HOLLYWOOD, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.6… Read more »

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January 3, 2018 #Sales Los Angeles

Stepp Completes $5.68 Million Sale of Two Apartment Properties in West Hollywood, California

WEST HOLLYWOOD, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.68… Read more »

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November 30, 2017 #Sales Long Beach

Stepp Completes $2.65 Million Sale of Redondo Avenue Apartments in Long Beach, California

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.65… Read more »

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November 27, 2017 #Headlines

Pasadena Cap Rates Are Heading Up

Multifamily sales activity has declined slightly in the Pasadena market, but experts say interest remains strong and cap rates are… Read more »

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November 17, 2017 #Headlines

“Why Renovations Work in Rent-Controlled Multifamily”

Not too long ago, the standard renovation package for upgrading a unit in a rent-controlled apartment building (one that was… Read more »

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November 13, 2017 #Sales Los Angeles

Stepp Completes Sale of The Bungalows on Ocean Park in Santa Monica, California

SANTA MONICA, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.35… Read more »

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November 3, 2017 #Sales Long Beach

Stepp Completes $8.4 Million Sale of Livingston Oasis Apartments in Long Beach, California

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $8.4… Read more »

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November 3, 2017 #Headlines

“Are Multifamily Investors Too Focused on Cap Rates?” | GlobeSt.com Q&A with Mark Ventre

The cap rate is king for multifamily investors, but Stepp Commercial’s Mark Ventre says cap rates can be subjective. Cap… Read more »

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October 22, 2017 #Awards

Congratulations to Kimberly & Robert Stepp on their nominations for the Los Angeles Business Journal’s Commercial Real Estate Awards.

Congratulations to Kimberly & Robert Stepp on their nominations for the Los Angeles Business Journal’s Commercial Real Estate Awards. Read… Read more »

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October 9, 2017 #Sales Los Angeles

Stepp Completes $2.5 Million Sale of Apartment Property in Santa Monica, California

LOS ANGELES, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.5… Read more »

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October 2, 2017 #Headlines

GlobeSt.com Q&A with Kimberly Stepp

“Cap Rates Hit New Lows On Westside” “A recent apartment sale in Venice breaks a new cap rate record, coming… Read more »

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October 2, 2017 #Sales Los Angeles

Stepp Completes $3.83 Million Sale of Bagley Avenue Apartments in Los Angeles

LOS ANGELES, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately… Read more »

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September 26, 2017 #Multifamily Blog

Not So Sophisticated Capital

There’s been a lot of talk lately about ‘sophisticated capital’ chasing smaller apartment deals.  So I’ve been thinking about this term. Many… Read more »

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September 19, 2017 #Sales Los Angeles

Stepp Facilitates Record-Breaking LA Sale

The sale of Atwater Avenue Apartments achieved the highest price per unit and price per square foot ever paid for… Read more »

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September 11, 2017 #Sales Long Beach

Stepp Completes A $4.9 Million Apartment Sale

Principal Robert Stepp of Stepp Commercial represented the seller, an Orange County-based private investor, and the buyer, a private investor… Read more »

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September 7, 2017 #Sales Santa Monica

Venice Apartment Building Trades at 0.7% Cap Rate

Venice Beach Apartments, a fully occupied, five-unit apartment property that is just a short walk to Venice Beach, sold for… Read more »

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September 3, 2017 #Sales Long Beach

Stepp Completes $2.55 Million Sale of East 3rd Street Apartments in Long Beach

Stepp Commercial completed the nearly $2.55M sale of East Third Street Apartments in Alamitos Beach in Long Beach. The eight-unit… Read more »

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August 30, 2017 #Sales Santa Monica

Eight-Unit Santa Monica Apartment Building at the Beach Sells Vacant for Around $500k/Unit

Arcadia Terrace Apartments, a fully vacant, eight-unit oceanfront apartment building in Santa Monica (some records show it as nine units),… Read more »

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August 3, 2017 #Multifamily Blog

Raiders of the Lost Rate Hike

In 1981, one of the best films of all time, Raiders of the Lost Ark, debuted at the box office…. Read more »

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August 1, 2017 #Awards

Crew Network: Congratulations Women of Influence

Grit and tenacity sum up this year’s roster of influential women. Using a playbook written almost exclusively by them, many… Read more »

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June 28, 2017 #Awards

Robert Stepp Recognized in LABJ’s “Who’s Brokering Los Angeles” 2018

Stepp Commercial is a leading multifamily brokerage firm in the Los Angeles market with the sale of more than $1… Read more »

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June 16, 2017 #Sales Long Beach

Stepp Commercial Completes $4.65 Million Sale of 16-Unit East 2nd Street Apartments in Long Beach

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.65… Read more »

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June 6, 2017 #Sales Long Beach

Stepp Commercial complete a $2.4M sale

Stepp Commercial completed the $2.4M sale of Forty-Ninth Street Apartments, a 12-unit apartment property adjacent to the Bixby Knolls neighborhood… Read more »

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May 30, 2017 #Sales Long Beach

Stepp Commercial Completes $10.55 Million Sale of 56-Unit Long Beach Apartment Portfolio

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $10.55M, or nearly $189K/unit sale… Read more »

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May 18, 2017 #Sales Long Beach

Stepp Commercial Completes $3.3 Million Sale of Cherry Avenue Apartments in Retro Row Neighborhood of Downtown Long Beach

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.3… Read more »

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May 16, 2017 #Sales Long Beach

The Bay Shore Apartments in Long Beach Sold for $4.1M

The Bay Shore Apartments in Long Beach sold for $4.1M. The property closed at a 3.8% cap rate and nearly… Read more »

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May 4, 2017 #Sales Long Beach

Stepp Commercial Completes $2.65 Million Sale of 13-Unit Apartment Property in Downtown Long Beach

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.65… Read more »

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May 2, 2017 #Sales Santa Monica

Stepp Commercial Completes $2.75 Million Sale of Value-Add Apartment Property in Santa Monica

LOS ANGELES, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the approximately… Read more »

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April 25, 2017 #Sales Long Beach

Exchange Investor Pays $200k/Unit for Whittier Multifamily Property

A Long Beach-based 1031 exchange investor paid $14.4 mil for Sandpiper Apartments, a 71-unit apartment community in Whittier. The transaction… Read more »

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April 17, 2017 #Sales Los Angeles

San Fernando Valley Apartment Property Goes for $316k/Unit

A 14-unit luxury apartment property in the San Fernando Valley community of Reseda sold for $4.43 mil, or $316.4k/unit. The… Read more »

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March 16, 2017 #Sales Long Beach

Stepp Completes $3.18 Million Sale of Palmdale Apartments in Long Beach, California

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Long Beach market, has completed the nearly… Read more »

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March 1, 2017 #Sales Santa Monica

Stepp Commercial Completes $2.85 Million Sale of Apartment Property in Santa Monica, Ca

LOS ANGELES, CA – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the nearly… Read more »

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February 13, 2017 #Sales Long Beach

Stepp Commercial Completes $6.15 Million Apartment Portfolio Sale in Long Beach, Ca

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Long Beach market, has completed the approximately $6.15… Read more »

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January 24, 2017 #Sales Long Beach

Stepp Commercial Completes $3.5 Million Sale of Atlantic Avenue Apartments in Long Beach, California

LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Long Beach market, has completed the $3.5… Read more »

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January 10, 2017 #Sales Long Beach

Downtown Long Beach Apartment Property Sells for Just Under $10 Mil

A Westchester, CA-based private investor paid $9.7 mil for Ocean Plaza, a 44-unit ($220.5k/unit) apartment property within the East Village… Read more »

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October 22, 2016 #Awards

Kimberly Stepp Honored as 2016 Bisnow Los Angeles Power Women

Congratulations to our very own for being honored as a Bisnow 2016 Los Angeles Power Women!  These awards recognize dynamic… Read more »

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October 22, 2016 #Sales Santa Monica

13-unit property in Santa Monica

Stepp Commercial just sold a 13-unit property at 1313 Pico Blvd in Santa Monica for $3.2M. The two-story property includes… Read more »

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September 17, 2016 #Sales Los Angeles

1717 North Las Palmas, Hollywood Sells for $23.3 Million

A mixed-use development site at 1717 North Las Palmas in Hollywood just sold for $23.3M. Bisnow caught up with Champion… Read more »

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