LONG BEACH, CA – Stepp Commercial, a leading multifamily brokerage firm in the Long Beach market, has completed the $3.5 million sale of Atlantic Avenue Apartments, a 20-unit property in Long Beach.
Robert Stepp, principal of Stepp Commercial, represented the seller, Los Angeles-based June Quest One, LLC, as well as the buyer, Los Angeles-based Realty Holdings PSBJ. The property closed at a 4.7 percent cap rate and a price per unit of $175,000.
