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Luxury Downtown Long Beach, California, Apartment Complex Sells for Big Price

Local Investor Drops $156 Million on Apartments in LA County’s Second-Biggest City

A Long Beach, California, apartment complex sold for $156 million, what may be the highest total price paid in the second-biggest city in Los Angeles County as multifamily investment comes off a record-setting 2021. (CoStar)
A Long Beach, California, apartment complex sold for $156 million, what may be the highest total price paid in the second-biggest city in Los Angeles County as multifamily investment comes off a record-setting 2021. (CoStar)

A luxury apartment complex in Long Beach, the second-largest city in Los Angeles County, has sold for what may be the highest price paid for a multifamily property in the seaside community, extending a streak of record-breaking multifamily sales in the region.

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