Stepp Commercial Brokers $6.3M Sale Of Multifamily Property In Long Beach

A multifamily property located at 445-455 Rose Avenue in Long Beach was recently sold for $6,300,000. The sale was handled by Robert Stepp & Michael Toveg of Stepp Commercial. The property consists of 16 units, with a price per unit of $393,750.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,300,000
• Address: 445-455 Rose Avenue, Long Beach
• Broker: Robert Stepp & Michael Toveg - Stepp Commercial
• Units: 16
• Price per Unit: $393,750

This transaction highlights the success of the collaboration between Robert Stepp & Michael Toveg from Stepp Commercial in facilitating the sale. Their expertise in the Long Beach market played a crucial role in achieving the final sale price of $6,300,000 for the 16-unit multifamily property on Rose Avenue.