Miramar Capital hasacquired two adjacent apartment properties in the Belmont Heightssubmarket in Long Beach from a private investor. The propertiestraded hands for $14.95 million.

Located at 425 Coronado Avenue and 424 Obispo Avenue, theproperties offer a mix of spacious two-bedroom, one-bedroom andstudio units and feature a swimming pool in-between the twobuildings for residents' use. Additionally, the assets include 48parking spaces.

Stepp Commercial principal RobertStepp and SVP Michael Toveg representedthe buyer in the deal.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.