Charles Dunn Company Completes $12.5 Million Sale of a 65-Unit Townhome Property in Los Angeles

Culver Vista Apartments, West Los Angeles

LOS ANGELES, CA – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $12.5 million sale of Culver Vista Apartments, a 65-unit property which includes 13 contiguous lots with each lot including five, two-bedroom townhouse units.  The property is located at 11730 to 11846 Culver Blvd. in West Los Angeles.

Hamid Soroudi of Charles Dunn Company represented the seller, Culver Vista Partners, L.P. The buyer, Culver Place, LLC, was a private investor from Los Angeles. The property sold at a cap rate of 5.7 percent.

Hamid Soroudi

“The buyer plans to keep the existing apartments, renovate them and increase the rents,” said Soroudi. “In the future, the asset is a potential development site that could include an approximately 147-unit apartment community.”

Soroudi leads Charles Dunn Company’s The Soroudi Group. The Soroudi Group is the most successful and active group of brokers involved in selling and exchanging of prime Westside Properties. Their marketing program delivers sold properties at more than 98.5 percent of the list prices within a compressed marketing period.

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