SOLD
VMG Properties Sells Signal Hill Multifamily Property For $9.3M With Stepp Commercial Brokers
1867 Temple Avenue
MultiFamily
13 SF
13 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
13 sqft
A multifamily property located at 1867 Temple Avenue in Signal Hill, CA has been sold for a price of $9,325,000. The property consists of 24 units with an average price per unit of $388,542. The total square footage of the property is 13,849, resulting in a price per square foot of $673. The transaction took place on 12/08/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,325,000
- Market: Signal Hill, CA
- Seller: VMG Properties
The sale was facilitated by brokers Robert Stepp and Michael Toveg from Stepp Commercial. The transaction resulted in a capitalization rate of 3.9%.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Robert Stepp & Michael Toveg
DATE: 12/08/2022
ADDRESS: 1867 Temple Avenue
MARKET: Signal Hill, CA
ASSET TYPE: Multifamily
SELLER: VMG Properties (@VMGProperties)
BROKERS: Robert Stepp (@RobStepp1) & Michael Toveg (@MToveg) - Stepp Commercial (@Stepp_Commercial)
SALE PRICE: $9,325,000
UNITS: 24 ~ PPU: $388,542
SF: 13,849 ~ PPSF: $673
CAP RATE: 3.9%View on map
Loading...
Address1867 Temple Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want