Fountain Creek Apartments Sells for $13,250,000

Excited to announce the closing of Fountain Creek Apartments — a 50-unit multifamily portfolio in Long Beach, CA’s Eastside submarket

After being selected to represent Fountain Creek through a competitive broker interview process, we went to work and delivered strong results. The 50-unit property, built in 1986 and located in Eastside Long Beach, featured a unique mix of studios, one-bedroom, and two-bedroom units, with more than half designed in a townhome-style format. This distinctive unit mix made Fountain Creek one of the more unique multifamily offerings in the Long Beach market.

Our marketing efforts generated multiple offers, ultimately resulting in a sale at $265,000 per unit. We are proud to share that Fountain Creek represented the largest sale of a pre-1990-built apartment complex in Long Beach in the last two years. We are grateful for the trust placed in us by both the seller and buyer and were honored to represent both parties throughout the transaction.