Larchmont Kenmore Acquires 30-Unit Multifamily Property From Animal Kenmore LLC For $3.5M

The asset involved in this transaction is a 30-unit multifamily apartment building located at 233 North Kenmore Avenue in Los Angeles. The building, constructed in 1925, sold for $3,500,000, translating to a price per unit of $116,667.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Units: 30
• Price per Unit: $116,667
• Buyer: Larchmont Kenmore
• Seller: Animal Kenmore LLC
• Market: Los Angeles
• Brokers: Brent Sprenkle, Parker Boehle & Alex Peterson - NorthMarq

The transaction was completed using short-term non-conventional financing, which was influenced by a 25% vacancy rate within the property. NorthMarq facilitated the deal on behalf of both the buyer and seller, ensuring a smooth transaction process.