Northmarq’s El Segundo Multifamily Investment Sales team completes sale of 1701 E. Ocean Blvd
Northmarq’s El Segundo Multifamily Investment Sales team led by Parker Boehle and Brent Sprenkle successfully completed the sale of 1701 E. Ocean Blvd, a nine-unit multifamily community in Long Beach, California. Located in Alamitos Beach, the low-rise apartments offer two-bedroom and one-bedroom homes near Downtown Long Beach.
Northmarq represented the seller, Seaside Ocean Heights LLC. The buyer, Red Curb Investments LLC purchased the property for $3.62 million.
The Ocean Blvd. apartments is a two-story structure with on-site parking and laundry facilities. Located in one of Long Beach’s hottest rental markets, the property is just minutes from some of Long Beach’s most desirable locations, including the Pike Outlets, Retro Row, Second Street, and Bixby Park.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
