Landmark Global Management Acquires 54-Unit MultiFamily In Los Angeles For $15.9M

The property asset involved in the transaction is a multi-family apartment community located at 340 S Kenmore Ave, Los Angeles, CA. The building, constructed in 1965, consists of 54 units which include nine studios, 33 one-bedroom/one-bath units, and 12 two-bedroom/two-bath units. The transaction was completed for a total amount of $15,900,000.00, reflecting the market activity in the Los Angeles area.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $15,900,000.00
• Address: 340 S Kenmore Ave, Los Angeles, CA
• Market: Los Angeles
• Seller's Representative: Robin Ossenbeck - Kidder Mathews
• Buyer: Landmark Global Management

Robin Ossenbeck of Kidder Mathews represented the seller, ROM Residential, in the transaction involving the sale to Landmark Global Management. This deal highlights the ongoing activity and investment in the Koreatown neighborhood of Los Angeles.