News & Info

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

May 30, 2024 #Headlines

JUST SOLD | 52 Units | Long Beach | $18.845M

Long Beach, Calif. February 16, 2024 – Stepp Commercial Group, a leading multifamily brokerage firm in the Los Angeles market,… Read more »

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May 30, 2024 #Headlines

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… Read more »

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May 30, 2024 #Headlines

JUST SOLD | 41 Units | Long Beach | $11,000,000

Stepp Commercial sells a 41-unit Long Beach multifamily portfolio for $11,000,000 comprised of the following properties: 1722 Coronado Avenue, 222… Read more »

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May 24, 2024 #Sales Long Beach

JUST SOLD | 420 Almond Avenue

Long Beach, CA | 9 Units | $2,125,000  

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May 21, 2024 #Sales Long Beach

JUST SOLD | 1026-1040 E. Broadway Avenue

Long Beach, CA | 9 Units | $3,125,000

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May 15, 2024 #Sales Long Beach

JUST SOLD | 1086 Stanley Avenue

Long Beach, CA | 9 Units | $2,725,000

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May 9, 2024 #Sales Long Beach

JUST SOLD | 1075 Gladys Avenue

Long Beach, CA | 9 Units | $2,750,000

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April 30, 2024 #Sales Long Beach

JUST SOLD | 924 Gaviota Avenue

Long Beach, CA | 8 Units | $2,485,000

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April 23, 2024 #Sales Long Beach

JUST SOLD | 3025 E. 5th Street

Long Beach, CA | 20 Units | $5,800,000

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April 18, 2024 #Sales Long Beach

JUST SOLD | 1722 Coronado Avenue

Long Beach, CA | 17 Units | $4,000,000

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April 2, 2024 #Sales Long Beach

JUST SOLD | 2310 E. 5th Street

Long Beach, CA | 8 Units | $2,495,000

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January 18, 2024 #Headlines

JUST CLOSED | 1031 Exchange Upleg | $7,500,000

29 Apartments + 3 Commercial Units in Arlington, Washington, one hour outside of Seattle. Current cap rate 5.8%; projected 6.5%… Read more »

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January 18, 2024 #Headlines

JUST SOLD: 946 W. Beach Avenue | 18 Units | Inglewood

Prime Inglewood location with large units – 16 3BD/2BA units and 2 2BD/1BA units.  14 units fully remodeled with in-unit… Read more »

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January 10, 2024 #Awards

Stepp Commercial Brokers Rank in the Top 5 Dealmakers in Long Beach

Long Beach, Calif. January 10, 2024 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, proudly… Read more »

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December 31, 2023 #Headlines

JUST SOLD: 619 Elm Avenue | 16 Units | $3,450,000

Over $400K in Capex with 3.82% Assumable Financing 5.5% cap rate / 11.9 GRM

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December 23, 2023 #Headlines

JUST SOLD: 54 Ximeno Avenue | 8 Units | $3,345,000

Turnkey Asset – Over $500K in Capex 4% cap rate / 16.3 GRM

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December 14, 2023 #Headlines

JUST SOLD: 945 Locust Avenue | 16 Units | $3,900,000

All 2BD units, adjacent to East Village Arts District and Downtown Long Beach. 5.8% cap rate / 11.0 GRM

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December 4, 2023 #Headlines

JUST SOLD: 927 Daisy Avenue | 16 Units | $3,800,000

All 2BD units, adjacent to East Village Arts District and Downtown Long Beach. 5.7% cap rate / 10.9 GRM

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November 16, 2023 #Awards
October 6, 2023 #Headlines

JUST SOLD: 526 Lime Avenue | 8 Units | $2,025,000

East Village Arts District Location 7 of 8 Units Fully Remodeled 8 Parking Garages 94 Walk Score / 91 Bike… Read more »

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September 27, 2023 #Headlines

JUST SOLD: 1085 Molino Avenue | 8 Units | $2,550,000

Desirable 1980s Property Spacious 2 BD / 2 BA Units

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August 2, 2023 #Headlines
July 28, 2023 #Headlines

JUST SOLD: 1761 Park Avenue | 18 Units | $7,165,000

Stepp Commercial Group, a leading multifamily brokerage firm in the Los Angeles market, has completed the $7.165 million sale of… Read more »

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July 18, 2023 #Headlines

JUST SOLD: 2033 Cedar Avenue | 8 Units | $1,950,000

Charming 1920’s Property Attractive Mix of 2 BD, 1 BD and Studio Units  

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June 28, 2023 #Headlines

JUST SOLD: 1201 Ohio Avenue | 7 Units | $1,925,000

Value Add Opportunity Large 2 BD / 1 BA Units Averaging 730 SF 4 Garages Offering Potential for Additional Income… Read more »

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June 2, 2023 #Headlines

JUST SOLD: 1206 Gladys Avenue | 8 Units | $2,650,000

Desirable 1980’s Building All 2 BD / 2BA Units  

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June 1, 2023 #Sales Long Beach

JUST SOLD: 3032 E. 7th Street | 10 Units + Retail | $2,250,000

Stepp Commercial Group, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.25 million sale of… Read more »

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May 11, 2023 #Sales Long Beach

JUST SOLD: 916 -924 St. Louis Avenue | 16 Units | $5,000,000

Long Beach, Calif. May 3, 2023 – Stepp Commercial Group, a leading multifamily brokerage firm in the Los Angeles market,… Read more »

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May 2, 2023 #Headlines

Opportunities for Investors in Westside Los Angeles Apartment Market in 2023

Buyers continue to compete for prime Westside assets as inventory remains tight.

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March 29, 2023 #Headlines

Why LA Apartment Fundamentals Stand the Test of Time

The Los Angeles multifamily sector has been and remains one of the nation’s top metropolitan rental markets. Renter demand continues… Read more »

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February 21, 2023 #Headlines

Don’t Forget DSTs for Diversification

The majority of multifamily real estate investors have heard about Delaware Statutory Trusts, but it is important to understand exactly… Read more »

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January 11, 2023 #Headlines

Stepp Commercial Delivers 7.0% Average Cash-on-Cash Return in 2022

In 2022, we helped our clients find unique opportunities to exchange into higher returns. Our team was able to source… Read more »

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January 11, 2023 #Sales Long Beach

Stepp Commercial Group Completes $3.61 Million Sale of 12-Unit Apartment Property In Bixby Knolls Neighborhood of Long Beach, California

Transaction marks the highest price per square foot paid in the Bixby Knolls submarket in 2022   Long Beach, Calif…. Read more »

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December 8, 2022 #Sales Long Beach

Stepp Commercial Completes $9.325 Million Sale of 24-Unit Apartment Property in Signal Hill, California

Long Beach, Calif. December 8, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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November 23, 2022 #Headlines

3 Reasons Hesitation Can Hurt Multifamily Sellers

With the rising interest rate environment, many multifamily owners are not sure if they should sell or take a “wait-and-see”… Read more »

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November 2, 2022 #Headlines

Just Sold | Alamitos Beach Portfolio | 67 Units

Sold by Robert Stepp, Todd Hawke, and Michael Toveg. 1037 E. 1st Street – 18 Units 1221 E. 1st Street… Read more »

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September 30, 2022 #Sales Long Beach

Stepp Commercial Completes $6.64 Million Sale of a 22-Unit Apartment Property in Bixby Knolls Submarket of Long Beach

Long Beach, Calif. September 30, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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September 28, 2022 #Sales Long Beach

Stepp Commercial Completes $3.05 Million Sale of Value-Add Apartment Property in Bixby Knolls

Long Beach, Calif. September 28, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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September 26, 2022 #Sales Santa Monica

Stepp Commercial Completes $2.65 Million Sale of Townhouse-Style Property in Santa Monica, CA

First time property has been sold in 45 years/features 87% potential rental upside   Stepp Commercial, a leading multifamily brokerage… Read more »

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September 7, 2022 #Headlines

Just Sold | 5 Properties | 47 Units | $18,205,000

Sold by Robert Stepp, Todd Hawke, and Michael Toveg – beautifully-renovated portfolio located in Prime Alamitos Beach: 1232E. 2nd Street… Read more »

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August 29, 2022 #Headlines

Stepp Expands Multifamily Brokerage Team; Seasoned Commercial Real Estate Expert Larry Bustamante Joins Firm as Vice President

Los Angeles, Calif. August 29, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, is… Read more »

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August 25, 2022 #Sales Los Angeles

Stepp Commercial Completes $4.805 Million Portfolio Sale of Two Adjacent Apartment Assets Totaling 12 Units in Los Angeles’ Brentwood Neighborhood

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.805 million portfolio sale of… Read more »

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July 15, 2022 #Sales Santa Monica

Stepp Commercial Completes $2.99 Million Sale of a Value-Add, 8-Unit Apartment Property on 2nd Street in Santa Monica, CA

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $2.99 million sale of an… Read more »

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July 15, 2022 #Sales Long Beach

Stepp Commercial Completes $3.55 Million Sale of 11-Unit Apartment Property in Coveted Alamitos Beach

Long Beach, Calif. – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.55million… Read more »

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June 21, 2022 #Sales Long Beach

Stepp Commercial Completes $3.825 Million Sale of 12-Unit Apartment Property in East Village Arts District; Turnkey, newly renovated asset sold for $75,000 over asking price

Long Beach, Calif. June 21, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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June 16, 2022 #Sales Long Beach

Stepp Commercial Completes $6.5 Million Sale of 16-Unit Apartment Property in Rose Park Neighborhood of Long Beach

Long Beach, Calif. June 16, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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June 7, 2022 #Sales Long Beach

Stepp Commercial Completes $5.3 Million Sale of a Newly Renovated, 13-Unit Apartment Property in Bluff Heights Neighborhood of Long Beach

Los Angeles, Calif. June 7, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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May 17, 2022 #Sales Santa Monica

Stepp Commercial Completes $5.5 Million Sale of 11-Unit Apartment Asset in Santa Monica, CA

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.5 million sale of an… Read more »

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May 6, 2022 #Headlines

Stepp Commercial Expands Investment Sales Team

We are pleased to welcome Alden Pacific Investments, one of the top buy-side multifamily investment teams in Long Beach and… Read more »

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April 27, 2022 #Headlines

Why L.A. Multifamily is Still a Top Pick for Investors

We have been cautiously optimistic when it comes to the future of the Los Angeles apartment investment market.   Deterrents… Read more »

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April 25, 2022 #Sales Santa Monica

Stepp Commercial Completes $6.25 Million Sale of Sandy Bay Beach Suites, a Beachfront 11-Unit Trophy Apartment Asset in Santa Monica, CA

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $6.25 million sale of Sandy… Read more »

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March 18, 2022 #Sales Santa Monica

Stepp Commercial Completes $5.5 Million Sale of 10-Unit Apartment Asset in Santa Monica, CA – Desirable North of Wilshire

Santa Monica, Calif. March 18, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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February 28, 2022 #Sales Santa Monica

Stepp Commercial Completes $6.975 Million Sale of a 16-Unit Apartment Property in Prime Santa Monica, CA

Santa Monica, CA, February 28, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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February 4, 2022 #Sales Santa Monica

Stepp Commercial Completes $2.325 Million Sale of a Six-Unit Bungalow-Style Apartment Property in Santa Monica, CA

Santa Monica, Calif. February 9, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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January 25, 2022 #Sales Long Beach

Stepp Commercial Completes $6.3 Million Sale of a 16-Unit Apartment Property in the 4th Street/Retro Row neighborhood of Long Beach

Long Beach, Calif. January 25, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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January 25, 2022 #Sales Long Beach

Stepp Commercial Completes $4.375 Million Sale of a 13-Unit Apartment Property In Eastside Long Beach

Long Beach, Calif. January 25, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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January 25, 2022 #Sales Long Beach

Stepp Commercial Completes $5.04 Million Sale of a 21-Unit Apartment Property in Long Beach

Long Beach, Calif. January 25, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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January 14, 2022 #Sales Santa Monica

Stepp Commercial Completes a Santa Monica Apartment Property Sale with a Per-Unit Price of $552,500

Santa Monica, Calif. January 14, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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January 7, 2022 #Sales Los Angeles

Stepp Commercial Completes $2.9 Million Sale of an 8-Unit Apartment Property in West Hollywood

West Hollywood, Calif. January 7, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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December 10, 2021 #Sales Long Beach

Stepp Commercial Completes $2.45 Million Sale of an 8-Unit Apartment Property in Prime Belmont Shore Area of Long Beach

Long Beach, Calif. December 10, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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December 2, 2021 #Sales Long Beach

Stepp Commercial Completes $2.29 Million Sale of an 8-Unit Apartment Property Located in Long Beach’s Rose Park Historic District

Long Beach, Calif. December 2, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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November 22, 2021 #Headlines

Stepp Commercial Sells Long Beach Multifamily Portfolio for $42 Million

Long Beach, Calif. November 19, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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November 17, 2021 #Sales Los Angeles

Stepp Commercial Completes $3.95 Million Acquisition of a 16-Unit Apartment Property in Downey, CA

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.95 million acquisition of a… Read more »

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November 12, 2021 #Sales Long Beach

Stepp Commercial Completes $4.5 Million Sale of a 14-Unit Apartment Property in the Prime Alamitos Beach Submarket of Long Beach, CA

Long Beach, Calif. November 12, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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October 13, 2021 #Sales Los Angeles

Stepp Commercial Completes $6.1 Million Sale of 26-Unit Apartment Property in Hawthorne, CA

Long Beach, Calif. October 13, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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October 13, 2021 #Sales Long Beach

Stepp Commercial Completes $2.5 Million Sale of 8-Unit Apartment Property in Long Beach

 Long Beach, Calif. October 13, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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September 9, 2021 #Sales Long Beach

Stepp Commercial Completes $4.39 Million Portfolio Sale of Two Apartment Properties in Eastside Submarket of Long Beach

Long Beach, Calif. September 9, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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September 9, 2021 #Headlines

Why Cost Segregation is So Important

As a rule of thumb, investment real estate is purchased for three reasons: income, appreciation and tax shelter. Cash flow… Read more »

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August 27, 2021 #Headlines

The Los Angeles Apartment Market Has Turned a Corner

Despite the potential obstacles and uncertainties, overall market sentiment is increasingly bullish, resulting in healthy activity that started in the… Read more »

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August 4, 2021 #Headlines

Connect Media: Long Beach Multifamily Market

Robert Stepp talks about Long Beach’s apartment market at ConnectCRE.com

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July 30, 2021 #Awards

Kimberly Stepp Recognized in GlobeSt. Women of Influence 2021

Known as the rock star of Los Angeles’ Westside markets, Kimberly Stepp is one of the leading multifamily sales brokers… Read more »

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July 7, 2021 #Sales Los Angeles

Stepp Commercial Completes $6.4 Million Sale of a 29-Unit Apartment Property in Sylmar, CA

Los Angeles, Calif. July 7, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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June 23, 2021 #Awards

Robert Stepp Named One of L.A. Times 2021 CRE Visionaries

Read the full article at: https://lat.ms/3h8XOnE

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June 9, 2021 #Headlines

How Multifamily Investment Will Eventually Migrate to the Blockchain

How Multifamily Investment Will Eventually Migrate to the Blockchain   Up until recently, I only had a vague concept of… Read more »

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June 1, 2021 #Headlines

Bisnow Profiles Kimberly Stepp

Kimberly Stepp is the principal and co-founder of Stepp Commercial, a multifamily brokerage firm. Her husband, Robert Stepp, is also… Read more »

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May 24, 2021 #Sales Long Beach

Stepp Commercial Completes $4.05 Million Sale of 11-Unit Apartment Property in Fourth Street / Retro Row Neighborhood of Long Beach

Long Beach, Calif. May 28, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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May 21, 2021 #Headlines

Stepp Commercial Completes $2.66 Million Sale of 6-Unit Apartment Property in Belmont Heights Neighborhood of Long Beach

Long Beach, Calif. May 21, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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May 11, 2021 #Sales Los Angeles

Stepp Commercial Completes $2.17 Million Sale of a Vacant 9-Unit Apartment Property in Los Angeles

Los Angeles, Calif. May 11, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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May 7, 2021 #Sales Long Beach

Stepp Commercial Completes $4.455 Million Sale of 20-Unit Apartment Property in Long Beach, California

Long Beach, Calif. May 7, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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April 29, 2021 #Sales Long Beach

Stepp Commercial Completes $2.32 Million Sale of Apartment Property in Coveted Long Beach 4th Street/Retro Row Submarket

Los Angeles, Calif. April 29, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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April 15, 2021 #Headlines

The Silver Lining to Renter Delinquencies

At the onset of the pandemic, most of us thought that apartment rent collections would fall off a cliff. Thank… Read more »

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March 31, 2021 #Headlines

Stepp Commercial Completes Sale of Historic 25-Unit Apartment Property in West Gateway Submarket of Downtown Long Beach

Los Angeles, Calif. March 31, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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March 23, 2021 #Headlines

Stepp Commercial Completes $3.05 Million Sale of 9-Unit Apartment Property in the Mar Vista Neighborhood of Los Angeles

Los Angeles, Calif. March 23, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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March 16, 2021 #Sales Long Beach

Stepp Commercial Completes $3.175 Million Sale of a 10-Unit Apartment Property in Willmore City Historic District of Downtown Long Beach, CA

Los Angeles, Calif. March 18, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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March 15, 2021 #Sales Long Beach

Stepp Commercial Completes $2 Million Sale of an 8-Unit Apartment Property in the Eastside Neighborhood of Long Beach, CA

Los Angeles, Calif. March 16, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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February 22, 2021 #Sales Los Angeles

Stepp Commercial Completes $7.68 Million Sale of The Flynn, a 37-Unit Apartment Property, in the MacArthur Park Neighborhood of Los Angeles

Los Angeles, Calif. February 22, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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February 10, 2021 #Headlines

The Future of the Urban Core

Mark Ventre of Stepp Commercial on what 2021 will mean for major downtown submarkets.   Throughout the last cycle, the… Read more »

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February 3, 2021 #Multifamily Blog

The Pandemic Brings New Opportunity to the West L.A. Apartment Market

The pandemic has significantly shifted dynamics in West Los Angeles’ apartment market. Once known as one of the highest-barrier-to-entry markets… Read more »

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January 26, 2021 #Headlines

Stepp Commercial Completes $10.35 Million 1031 Exchange Acquisition of Lois Landing Apartments, a 56-Unit Apartment Property in Tampa, FL

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $10.35 million acquisition of Lois… Read more »

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January 13, 2021 #Headlines

Stepp Commercial Completes $5.2 Million Sale of a 22-Unit Apartment Property in Long Beach, CA

Los Angeles, Calif. January 12, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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January 8, 2021 #Sales Los Angeles

Stepp Commercial Completes $2.85 Million Sale of a 9-Unit Value-Add Apartment Property in Koreatown Submarket of Los Angeles

Los Angeles, Calif. January 8, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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January 7, 2021 #Sales Los Angeles

Stepp Commercial Completes $2.9 Million Sale of an 8-Unit Apartment Property in West Hollywood

West Hollywood, Calif. January 7, 2022 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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January 7, 2021 #Headlines

Stepp Commercial Completes $6.6 Million Sale of a 22-Unit Apartment Property in in Prime Alamitos Beach Submarket of Long Beach, CA

Los Angeles, Calif. January 6, 2021 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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December 10, 2020 #Headlines

Stepp Commercial Completes $9.8 Million Acquisition of Twin Palms, a 17-Unit Apartment Property in Laguna Beach, CA

Los Angeles, Calif. December 10, 2020 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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November 13, 2020 #Headlines

Stepp Commercial Completes $14 Million Portfolio Sale of 9 Value-Add Apartment Properties in Long Beach Totaling 60 Units

Los Angeles, Calif. November 13, 2020 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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November 10, 2020 #Headlines

Stepp Commercial Completes $2.4 Million Sale of 8-Unit Apartment Property in Eastside Submarket of Long Beach, CA

Los Angeles, Calif. November 10, 2020 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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October 22, 2020 #Sales Los Angeles

Stepp Commercial Completes $3.75 Million Land Sale for Fully Entitled, 39-Unit Apartment Development in Hollywood

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3.75 million sale of a… Read more »

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October 15, 2020 #Awards

GlobeSt. Recognizes Stepp Commercial as a 2020 Multifamily Influencer

The year 2020 has been a long and hard slog for everyone, including the experts in the multifamily field. To… Read more »

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September 10, 2020 #Sales Santa Monica

Stepp Commercial Completes $6.3 Million Sale of Washington Place, a 15-Unit Apartment Property in Prime Santa Monica Location

Los Angeles, Calif. September 10, 2020 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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September 10, 2020 #Sales Los Angeles

Stepp Commercial completes $3,025,000 sale of a value-add, 8-unit apartment property in prime West Hollywood location

Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $3,025,000 sale of an eight-unit,… Read more »

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September 9, 2020 #Sales Los Angeles

Stepp Commercial Completes $2.6 Million Sale of an 8-Unit Value-Add Apartment Property in West Los Angeles with 109% Rental Upside

Los Angeles, Calif. September 9, 2020 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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September 2, 2020 #Sales Los Angeles

Stepp Commercial Completes $5.1 Million Sale of Delano Village, an 18-Unit Apartment Property in Van Nuys, CA

Los Angeles, Calif. August 28, 2020 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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August 27, 2020 #Sales Los Angeles

Stepp Commercial Completes $3.5 Million Sale of Vanowen Collection, an 18-Unit Apartment Property in North Hollywood

Los Angeles, Calif. August 27, 2020 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has… Read more »

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August 20, 2020 #Headlines

Investment Activity Starts to Rebound in Santa Monica

Multifamily investment activity is starting to rebound in Santa Monica. After the initial shuttering of the economy due to the… Read more »

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July 24, 2020 #Headlines

Why People Are Buying and Selling Right Now

The investment market is getting frothy again, says Mark Ventre of Stepp Commercial. Should you jump in? By Mark Ventre… Read more »

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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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