Northmarq brokers $2.6M sale of Los Angeles low-rise apartments
1102 S Mariposa Ave
LOS ANGELES — Alex Peterson, Parker Boehle and Brent Sprenkle of Northmarq’s El Segundo office arranged the $2.6 million sale of a 24-unit low-rise apartment building in Los Angeles.
Northmarq represented the seller, a private investor, and the buyer, Cardinal Investments.
"The seller had owned this property for over 20 years and was looking to move on from managing it,” Peterson said. “Despite significant deferred maintenance, our team procured a non-contingent offer and delivered a smooth closing. A big thanks to both parties for trusting us with this sale.”
Built in 1927, the property is located at 1102 S. Mariposa Ave. in Koreatown and features studio apartments.
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About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
