Northmarq completes $2.15M sale of 16-unit multifamily property in Los Angeles
5613 Virginia Ave
LOS ANGELES — Northmarq’s El Segundo-based Investment Sales team, led by Brent Sprenkle, Parker Boehle and Alex Peterson, successfully brokered the $2.15 million sale of a 16-unit multifamily community located at 5613 Virginia Avenue.
Northmarq represented the seller, MF Asset Management. The buyer was Farzad Kohanbash.
"Situated directly across from the 110,000-square-foot Echelon Studios development, the property will benefit from a gentrifying Hollywood neighborhood,” said Sprenkle.
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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.
