Northmarq completes $4.75M sale of Los Angeles garden apartments
Northmarq’s El Segundo Multifamily Investment Sales team of Brent Sprenkle, Parker Boehle and Alex Peterson brokered the $4.75 million sale of a 20-unit multifamily property located at 2008-2012 S. Robertson Boulevard in Los Angeles. Built in 1954, the property boasts studio, one- and two-bedroom apartment homes as well as a billboard on Robertson Boulevard.
Northmarq represented the seller, Kentog Inc., a Chicago investor who owned the property for over 25 years. The buyer was a local investor who lives in the same neighborhood.
“The property is a rare and distinctive asset, as it features a prominent billboard on a high-traffic street leading into Beverly Hills, along with 20 value-add apartments. Opportunities to acquire similar properties are exceptionally limited,” said Sprenkle.
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.