SOLD
Stepp Commercial Group Sells 10-Unit Apartment/Retail Property In Long Beach For $2.25M
3032 East 7th Street
Mixed-use
Sold 321 days ago
Summary
Sale
CALIFORNIA
Mixed-use
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.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Robert Stepp & Michael Toveg
DATE: 06/15/2023
ADDRESS: 3032 East 7th Street
MARKET: Long Beach
ASSET TYPE: Mixed-use
BROKERS: Robert Stepp & Michael Toveg - Stepp Commercial Group
SALE PRICE: $2,250,000
UNITS: 10 ~ PPU: $225,000
NOTE: Stepp Commercial Group sold a 10-unit apartment/retail property in Long Beach's Rose Park neighborhood for $2.25 million. The property, built in 1962, presents an opportunity for the new owner to increase its long-term value with potential rental upside.View on map
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Address3032 East 7th Street
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