Stepp Commercial

What Stepp Commercial does

Stepp Commercial is a privately-held, family-owned commercial real estate brokerage firm specializing in multifamily investment property transactions, founded in 2013 by husband-and-wife principals Robert Stepp and Kimberly Stepp in Pacific Palisades / Santa Monica, California. The firm operates as a boutique 11-person brokerage team serving private capital investors and 1031 exchange clients across Los Angeles County and Southern California, and has facilitated nearly $2 billion in cumulative property sales since inception. The most recent tracked year closed approximately $383 million across 82 transactions and 1,321 units, with co-founder Robert Stepp ranked the #1 CoStar Dealmaker in Long Beach for 2023 (18 transactions) and co-founder Kimberly Stepp ranked the #1 Santa Monica multifamily broker for eight consecutive years, with a documented career sell/list ratio above 97%.

The core offering is full-service acquisition and disposition brokerage of apartment buildings, augmented by 1031 exchange advisory, Delaware Statutory Trust (DST) facilitation, off-market deal alerts through a "Be The First To Know" priority investor program, and a property valuation intake tool. Revenue is generated entirely through transaction-based brokerage commissions negotiated per deal under California's AB 2992 framework; pricing is not publicly disclosed. The technology platform is a standard WordPress/Elementor marketing website with property listings and conventional martech integrations (Google Analytics 4, Meta Pixel with server-side Conversions API, LinkedIn Insight Tag, Google Ads, Rank Math SEO), with no proprietary technology, mobile application, API, SDK, or AI capability. The go-to-market is relationship-driven, built on content marketing, earned media in industry publications (LA Times, GlobeSt, Multi-Housing News, Bisnow, LABJ), and paid digital advertising targeted at private investors and property owners. The firm holds no parent company, external funding, partnership affiliations, or subsidiaries, operating as a fully independent brokerage concentrated in multifamily investment sales.

Name

Stepp Commercial

Legal name

Stepp Commercial

Website

https://steppcommercial.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Stepp Commercial is a privately-held, family-owned boutique multifamily investment brokerage founded in 2013 in Los Angeles, serving private capital investors and 1031 exchange clients across Los Angeles County and Southern California with an 11-broker team that has closed nearly $2 billion in lifetime property sales.

Ownership category

akta.pro rank

Headquarters

HQ city

Pacific Palisades

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Infrastructure

Revenue model

1. Real Estate Brokerage Transaction Fees: The firm generates revenue through real estate brokerage commissions on the acquisition and disposition of multifamily apartment buildings for private capital investors and 1031 exchange clients. Revenue is transaction-based, earned upon successful completion of property sales and purchases.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Stepp Commercial is a privately held commercial real estate brokerage firm focused on the acquisition and disposition of multifamily investment properties across Los Angeles County and Southern California. The firm represents private capital investors in buying and selling apartment buildings, with dedicated support for clients executing 1031 exchanges. Services are delivered through a transaction-based brokerage model, with nearly $2 billion in cumulative property sales since inception.

Product overview

Stepp Commercial is a premier multifamily investment brokerage firm offering a unified service platform centered on acquisition and disposition of apartment buildings for private capital investors and 1031 exchange clients. The core offering consists of full-service brokerage with active property listings and off-market deal access through their priority investor program. Supporting services include property valuation tools, 1031 exchange advisory, and facilitation of Delaware Statutory Trust (DST) offerings. The firm also provides market research and educational content through its blog and news section. All services focus on Los Angeles County and Southern California markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Multifamily Property Acquisition Representation Buyer-side brokerage representation for private capital investors seeking to acquire multifamily apartment buildings throughout Los Angeles County and Southern California.
• Multifamily Property Disposition Representation Seller-side brokerage representation for owners looking to sell multifamily apartment buildings, marketing properties to qualified investor buyers in the Southern California market.
• 1031 Exchange Advisory Specialized advisory and brokerage services for real estate investors executing like-kind (1031) exchanges, helping identify and acquire qualifying replacement multifamily investment properties within required timelines.

Named customers7 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CBRE Group: CBRE is the world's largest commercial real estate services firm with a major multifamily investment sales division in California. Broad incumbent offering overlapping capabilities as part of a much larger portfolio, including capital markets, valuation, and property management.
• JLL (Jones Lang LaSalle): JLL is a global commercial real estate services firm with a U.S. multifamily investment sales practice serving institutional and private clients. Broad incumbent with overlapping product offerings across investment sales, debt placement, and advisory.
• Colliers International: Colliers is a global commercial real estate services firm with a U.S. investment sales practice active in California multifamily. Broad incumbent offering overlapping capabilities within a wider real estate services portfolio.

Regional players

• Kidder Mathews: Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with significant multifamily investment sales activity in California and the Pacific Northwest. Regional peer with overlapping SoCal footprint and similar private-investor client focus.
• NAI Capital: NAI Capital is a Southern California-based commercial real estate brokerage with substantial multifamily investment sales activity across LA, Orange County, and the Inland Empire. Regional peer directly competing for listings and buyers in Stepp Commercial's core geographies.
• The Klabin Company: The Klabin Company is a Southern California multifamily investment sales and capital advisory boutique serving private capital and 1031 exchange clients in the LA market. Closely comparable regional peer with similar boutique model and investor client focus.

Direct peers

• ARA Newmark: ARA Newmark (part of Newmark Group) is a national multifamily investment sales platform focused on apartment buildings and similar institutional and private capital investors. Direct peer in product category with significantly larger scale and broader geographic reach.
• Mogharebi Group: Mogharebi Group is a Southern California-based multifamily investment sales brokerage focused exclusively on apartment buildings for private investors. It is a direct peer with overlapping geography (LA/SoCal), similar client base (private capital and 1031 exchange buyers), and comparable boutique service model.
• Marcus & Millichap: Marcus & Millichap is the largest U.S. commercial real estate investment brokerage with a deep specialization in multifamily investment sales. It is a direct peer in the same product category (multifamily investment brokerage), serves similar private capital and 1031 exchange clients, and competes head-to-head in the Los Angeles market.
• Berkadia: Berkadia is a major commercial real estate services firm with a strong multifamily investment sales platform serving private and institutional clients. Direct peer in multifamily investment brokerage with nationwide origination and servicing capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stepp Commercial