Multifamily Investment Properties for Sale in Long Beach and Los Angeles

Stepp Commercial lists apartment buildings available for acquisition across Long Beach, Los Angeles, and Santa Monica. Our inventory includes small to mid-size multifamily properties typically ranging from 5 to 50+ units, value-add opportunities with rental upside, stabilized income-producing assets, and properties suitable for 1031 exchange transactions. Every listing is represented with full fiduciary commitment to both seller and buyer.

A cap rate, or capitalization rate, is the ratio of a property’s net operating income to its purchase price, expressed as a percentage. It is the primary metric investors use to evaluate and compare multifamily assets. In Long Beach, cap rates for apartment buildings have typically ranged between 3.8% and 4.5% depending on submarket, unit count, and asset condition. A lower cap rate generally reflects stronger demand and lower perceived risk, while a higher cap rate may indicate a value-add opportunity or a transitional submarket. Stepp Commercial provides cap rate analysis on every listing to help investors make informed acquisition decisions.

Each property page includes a contact form and direct access to our broker team. You can also reach us directly at 1.866.99.STEPP or email [email protected]. For listings that include an Offering Memorandum, our team will send the full package upon request along with any additional underwriting support you need. We respond to all property inquiries within one business day.

Yes. Many of the properties listed on this page are actively acquired by 1031 exchange buyers looking to reposition capital from sold California assets into income-producing replacements. Stepp Commercial has facilitated over $24 million in 1031 exchange transactions and works with both downleg sellers and upleg buyers across Long Beach, Los Angeles, and out-of-state markets. If you are in an exchange timeline, contact us immediately as identification and closing deadlines are strict under IRS rules.

As of 2025 and into 2026, the average price per unit for multifamily apartment buildings in Long Beach ranges from approximately $220,000 to $320,000 depending on submarket, unit mix, and asset quality. Properties in coastal submarkets such as Belmont Shore command premium pricing, while value-add assets in transitional corridors like the Retro Row area can offer entry at more favorable per-unit costs. Stepp Commercial publishes market reports with current pricing data that are available to download on our News and Info page.

Active listings are currently available for acquisition and can be toured and underwritten. Sold listings represent recently closed transactions completed by Stepp Commercial and serve as a record of our market activity, pricing achieved, and the types of assets we successfully close. Reviewing sold transactions gives buyers and sellers a clear picture of real market values and our proven track record across Southern California multifamily submarkets.

Stepp Commercial represents both buyers and sellers in multifamily transactions across Los Angeles County. On the sell side, we provide institutional-quality marketing, property valuation, and access to our curated database of well-capitalized buyers including private investors, family offices, and 1031 exchange clients. On the buy side, we source on-market and off-market opportunities that match investor criteria, provide full underwriting support, and negotiate on behalf of the buyer throughout the transaction.

The timeline depends on price point, asset condition, and market conditions, but Stepp Commercial has consistently closed transactions within 30 to 90 days of listing, with some off-market deals closing in under 30 days due to our pre-existing buyer relationships. Our track record includes closing all 18 properties in the Geiger Portfolio within six months, a testament to our ability to execute efficiently even on complex multi-asset transactions. Sellers working with Stepp receive a realistic timeline projection during their initial property consultation.

Gross Rent Multiplier is the ratio of a property’s purchase price to its gross annual rental income. It is a quick-filter metric investors use alongside cap rate to assess whether a property is priced fairly relative to the income it generates. A lower GRM indicates better initial value. In the Long Beach market, GRM typically ranges from 13x to 16x for stabilized assets in 2025. Each Stepp Commercial listing includes current and market GRM where available so investors can benchmark quickly without requesting additional underwriting from our team.

Stepp Commercial uses a combination of income-based valuation (cap rate and GRM analysis), comparable sales data from recent closed transactions in the submarket, and physical asset assessment to determine recommended list pricing. With over $100 million in total sales volume and a 42% market share in Long Beach multifamily sales since 2015, our team has direct visibility into pricing that other brokers simply do not have. Property owners can request a no-obligation valuation through the contact form on this page or by calling our team directly.