Northmarq’s El Segundo Multifamily Investment Sales team completes sale of 1701 E. Ocean Blvd

1701 E. Ocean Blvd
Investment Sales - Multifamily
Multifamily
Sale
Low-rise Apartments
9-unit low-rise apartments

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. 
 

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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.
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