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 central location near Firestone & Lakewood Boulevards, the all-electric building was 50% renovated at a 4.4% cap rate and 14.34 GRM.