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LOS ANGELES — Lion Real Estate Group has purchased a multifamily building, which is located at 724 S. Berendo in Los Angeles’ Koreatown area. In the off-market transaction, the 18-unit property sold for $3.1 million or $172,000 per unit. Lion plans to renovate the building’s exterior and vacant units immediately. Form + Function Design Group is assisting with the renovation. Beverly Hills Property Management and Lion Real Estate Group are responsible for all leasing, management and renovations of the property.