Kimberly Stepp - Commercial Real Estate Showcase

Kimberly Stepp Property Listings
Keller Williams Commercial Santa Monica
2701 Ocean Park Blvd
Suite 140
Santa Monica, CA 90405-5200
(310) 702-0400
(310) 482-2201

Kimberly Roberts Stepp, Principal at Stepp Commercial, is beginning her seventeenth year in commercial real estate. Previously a Senior Managing Director... More
Kimberly Roberts Stepp, Principal at Stepp Commercial, is beginning her seventeenth year in commercial real estate. Previously a Senior Managing Director of investment sales at the Charles Dunn Company, her real estate career has been noted for hard work, accountability and commitment to excellence.

Kimberly specializes in the sale and exchange of Multi-Residential, Development Sites and Commercial real estate in Santa Monica and the Westside. Her extensive knowledge of this marketplace allows her to price properties so accurately that she has a career sell/list ratio of a truly remarkable 98.5%+.

In addition, she has the most extensive computer database of investor and property information and actively participates in comprehensive training sessions, seminars and Investment real estate forums consistently to advance her professional skills.

One factor that distinguishes Kimberly from the competition is her steadfast belief in being a market expert. In an era where most brokers spread themselves too thin trying to service clients in different markets, Kimberly has consistently worked the Santa Monica and Westside community.

Her clients and competitors regard her as one of the most significant and active Investment real estate brokers in the market. In 2014, Kimberly was ranked as #2 company-wide for overall achievement and is currently a top broker companywide, earning a place in the prestigious “Charlie’s Club”. In 2015, 2014, 2013, and 2012, Kimberly received the “Women in Business” and “Executive of The Year” award. She is currently a nominee for the “Women Making a Difference” recognition by the Los Angeles Business Journal. She has committed to specifically serve the Santa Monica and Westside communities and has brought enthusiasm and diligence that has proven excellent results.

Kimberly and her team, Team Stepp, have established an unparalleled vision and commitment to excellence. Her reputation, accountability, and distinction continue to make her a leader in the Santa Monica and Westside investment real estate markets and in her community as she consistently produces the highest and best results for her clients. Kimberly is a mother of three and is actively involved in several volunteer programs. Most notably, she has been a Big Sister for the last 15 years with the Big Brother/Big Sister program. Less 
2728 Arizona Avenue

Santa Monica, CA 90404 - Mid-City MF Submarket

Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1947
Stories:2 Building Size:4,230 SF Land Area:.14 AC (6,159 SF)
For Sale Price:$2,895,000 Price/Unit:$482,500.00 Cap Rate:3.60 % GRM:17.50

Parking:1.81 Parking Spaces / 1,000 SF

Sale Notes:
Priced at only 18.1 x current rents and 15.1 GRM with rents at market. 20.1% upside potential in rents. Great unit mix of 1/1 and 2/1 units, including a 2/1 Townhouse. Corner lot in prime Santa Monica location. 3.4% return with current rents; 5.3% return with market rents.

Three units will be delivered vacant at close of escrow
Three units have washer/dryer hookup

Financial Summary (Actual)
Operating Expenses: $58,255
Scheduled Gross Income: $165,372
Net Operating Income: $102,156
Effective Gross Income: $160,411

Keller Williams Commercial Santa Monica
Kimberly Stepp
(310) 702-0400

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