Northmarq’s El Segundo office arranges sale of 3250 James M Wood Boulevard in Los Angeles, California
3250 James M Wood Blvd
EL SEGUNDO, CALIFORNIA (March 1, 2023) — Brent Sprenkle of Northmarq’s El Segundo investment sales team arranged the $1.87 million sale of 3250 James M Wood Boulevard. The eight-unit multifamily property was built in 1948 and is located in Los Angeles’ Koreatown. Sprenkle represented the seller, a private investor based in Los Angeles. The asset was purchased by a Texas-based investor.
“The French Normandy architecture apartment building was a covered land play as it is located on a high-density corner lot,” said Sprenkle. “In addition, assumable financing at 3.6% interest only made the property financially appealing.”
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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.
