SOLD
Stepp Commercial Brokers Facilitate $11M Sale Of Long Beach Multifamily Property
1722 Coronado Avenue, 222 Grand Avenue, 1033 Stanley Avenue, 1341 Stanley Avenue, 1128 St. Louis Avenue, 494-496 E Sunset Street & 491-495 E 51st Street
MultiFamily
279,000 SF
279,000 SF
Sold 23 days ago
Summary
Sale
CALIFORNIA
MultiFamily
279,000 sqft
A 41-unit Long Beach multifamily portfolio was sold for $11,000,000. The properties included in the portfolio are located at 1722 Coronado Avenue, 222 Grand Avenue, 1033 Stanley Avenue, 1341 Stanley Avenue, 1128 St. Louis Avenue, 494-496 E Sunset Street, and 491-495 E 51st Street. The total square footage of the portfolio is 31,000 with a price per square foot of $355.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Units: 41
- Price per unit: $268,293
- Price per square foot: $355
- Market: Long Beach
Robert Stepp, Travis Traweek, and Buck Traweek from Stepp Commercial facilitated the sale of the multifamily portfolio in Long Beach. The transaction involved representing the buyer and seller in this deal.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Robert Stepp, Travis Traweek & Buck Traweek
DATE: 04/15/2024
ADDRESS: 1722 Coronado Avenue, 222 Grand Avenue, 1033 Stanley Avenue, 1341 Stanley Avenue, 1128 St. Louis Avenue, 494-496 E Sunset Street & 491-495 E 51st Street
MARKET: Long Beach
ASSET TYPE: Multifamily
BROKERS: Robert Stepp (@RobStepp1), Travis Traweek (@Traweekcre) & Buck Traweek (@BuckTraweek) - Stepp Commercial (@Stepp_Commercial)
SALE PRICE: $11,000,000
UNITS: 41 ~ PPU: $268,293
SF: 31,000 ~ PPSF: $355
NOTE FROM BROKERS: Stepp Commercial sells a 41-unit Long Beach multifamily portfolio for $11,000,000 comprised of the following propertiesView on map
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Address1722 Coronado Avenue, 222 Grand Avenue, 1033 Stanley Avenue, 1341 Stanley Avenue, 1128 St. Louis Avenue, 494-496 E Sunset Street & 491-495 E 51st Street
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