Prana Investments Acquires Multifamily Property In Koreatown For $23.6M | 720 SouthNormandie Avenue & 709 South Mariposa Avenue | Brent Sprenkle | MultiFamily | Sale

Summary

Sale

CALIFORNIA

MultiFamily

78,438 sqft

The multifamily property located at 720 S. Normandie Ave. & 709 S. Mariposa Ave. in Koreatown has been sold in a closed transaction. The sale took place on 06/16/2021, with a sale price of $23,625,000. The property spans a total square footage of 78,438 and has a price per square foot of $301. The buyer of the property was Prana Investments, while the seller was Jamison. The transaction was facilitated by Brent Sprenkle, a broker representing the buyer.

Summary of Transaction Details

Property Type: Multifamily
Transaction Amount: $23,625,000
Market: Koreatown
Address: 720 S. Normandie Ave. & 709 S. Mariposa Ave.

Brent Sprenkle, a representative for Prana Investments, played a key role in the successful completion of this real estate transaction.

Players

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1

Agents
1

Brent Sprenkle

Senior Managing Director

$87M Sold

Details

Deal Summary

SOLD

IMAGE: Brent Sprenkle DATE: 06/16/2021 ADDRESS: 720 S. Normandie Ave. & 709 S. Mariposa Ave. MARKET: Koreatown ASSET TYPE: Multifamily BUYER: Prana Investments SELLER: Jamison BROKER: Brent Sprenkle (@Brent.Sprenkle) ASKING PRICE: $23,625,000 SALE PRICE: $23,625,000 SF: 78,438 ~ PPSF: $301

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Address720 SouthNormandie Avenue & 709 South Mariposa Avenue

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