Normandie Luxury Apartments LLC Acquires 13-Unit Multifamily Property In Koreatown Los Angeles For $2.25M

The transaction involved the sale of Normandie Arms Apartments, a 13-unit multifamily property located at 234-238 South Normandie Avenue in Koreatown, Los Angeles. The sale price was $2,250,000, resulting in a price per unit of $173,077.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,250,000
• Units: 13
• Price Per Unit: $173,077
• Buyer: Normandie Luxury Apartments LLC
• Seller: 234 South Normandie LLC
• Brokers: Alex Peterson & Brent Sprenkle - NorthMarq
• Market: Los Angeles

Northmarq's El Segundo team, led by Brent Sprenkle and Alex Peterson, facilitated the transaction representing both the buyer and the seller. The buyer, Normandie Luxury Apartments LLC, is looking to utilize the site's accessory dwelling unit (ADU) potential as part of its investment strategy.