Stepp Commercial Group Sells 10-Unit Apartment/Retail Property In Long Beach For $2.25M

A 10-unit apartment/retail property located at 3032 East 7th Street in Long Beach's Rose Park neighborhood has been sold for $2.25 million. The property, built in 1962, offers potential rental upside, presenting an opportunity for the new owner to increase its long-term value.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,250,000
• Units: 10
• Price Per Unit (PPU): $225,000

The sale was facilitated by Robert Stepp and Michael Toveg from Stepp Commercial Group, who represented the parties involved in the transaction.

The successful sale of this property showcases the expertise and market knowledge of Robert Stepp and Michael Toveg from Stepp Commercial Group. Their professionalism and commitment to their clients resulted in a valuable transaction for all parties involved.