Northmarq’s Los Angeles office brokers $1.135 million sale of duplex property in Elysian Valley
LOS ANGELES (July 24, 2024) — Northmarq’s Los Angeles Multifamily Investment Sales team of Sam Krutonog, Elliot Hassan and Mike Hanassab has completed the $1.135 million sale of an Elysian Valley duplex. Located at 2916-2918 Marsh Street in a Los Angeles submarket, the property features one five-bedroom, three-bathroom unit and a two-bedroom, one-bathroom unit.
Northmarq represented the seller, Estate of Giancarlo Mercado. The buyer was Arastu Family Trust, also represented by Northmarq.
“This was a special asset that was owned by the seller’s family for a few decades,” said Krutonog. “It allowed an investor to come in day one and make extensive renovations to the vacant unit in order to maximize the rental value for a neighborhood that has an extremely high rental demand.”
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