✕

Sign up to receive market news, information and property listings.

    Menu

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

    September 3, 2017

    back to all news

    Stepp Commercial completed the nearly $2.55M sale of East Third Street Apartments in Alamitos Beach in Long Beach. The eight-unit apartment property closed at a 4.3% cap rate and $318,750 per unit. The 90-year-old property is a Spanish-style, two-story property at 1136 East Third St. that consists of five two-bedroom units and three one-bedroom units. Stepp Commercial principal Robert Stepp represented the seller, 1136 Apartments LLC. The buyer was a private investor from LA

    Read it in Bisnow’s This Week’s LA Deal Sheet

    RECENT NEWS

    Related Articles

    July 28, 2023

    Stepp Commercial Group Completes $7.165 Million Sale of a newly renovated 18-Unit Apartment Property in Long Beach, California

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

    Link arrow
    June 1, 2023

    Stepp Commercial Group Completes $2.25 Million Sale of a 10-Unit Apartment/Retail Property in Rose Park Neighborhood of Long Beach, California

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

    Link arrow
    May 11, 2023

    Stepp Commercial Group Completes $5 Million Sale of 16-Unit Apartment Property in Long Beach, California

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

    Link arrow