Northmarq’s Los Angeles office brokers $1.135 million sale of duplex property in Elysian Valley

2916-18 Marsh St.
Investment Sales - Multifamily
Multifamily
Sale
duplex property in Los Angeles

LOS ANGELES (July 24, 2024) — Northmarq’s Los Angeles Multifamily Investment Sales team of Sam Krutonog, Elliot Hassan and Mike Hanassab has completed the $1.135 million sale of an Elysian Valley duplex. Located at 2916-2918 Marsh Street in a Los Angeles submarket, the property features one five-bedroom, three-bathroom unit and a two-bedroom, one-bathroom unit.

Northmarq represented the seller, Estate of Giancarlo Mercado. The buyer was Arastu Family Trust, also represented by Northmarq.

“This was a special asset that was owned by the seller’s family for a few decades,” said Krutonog. “It allowed an investor to come in day one and make extensive renovations to the vacant unit in order to maximize the rental value for a neighborhood that has an extremely high rental demand.” 

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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.
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