Northmarq’s El Segundo office announces $3.5M sale of 30-unit multifamily community
233 N Kenmore Ave
LOS ANGELES — Northmarq’s El Segundo-based Investment Sales team, led by Brent Sprenkle, Parker Boehle and Alex Peterson, brokered the $3.5 million sale of 233 N. Kenmore Ave. in Los Angeles. Built in 1925, the low-rise apartments feature 30 units.
Northmarq represented the seller, Animal Kenmore LLC. The buyer was Larchmont Kenmore, a Hollywood-based family investor.
"The property experienced almost 25% vacancy making traditional financing challenging and the buyer resorted to non-conventional short-term financing” said Sprenkle.
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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.
