Wednesday, July 30, 2014

Charles Dunn Company Completes $6.87 Million Sale of 12-Unit Multifamily Property in Valley Village, CA


Gelena Skya Wasserman
LOS ANGELES, CA, July 30, 2014 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $6,875,000 sale of a fully occupied 12-unit multifamily property located at 5056 Laurel Canyon Blvd. in Valley Village, Calif., a city within San Fernando Valley.

Roger Beck and Gelena Skya-Wasserman of Charles Dunn Company represented the 1031 exchange buyer, Venture One, LLC in the transaction. The seller, Laurel Heights, LLC was represented by Peter Miller of KW Commercial.

Built in 2011, the property includes a mix of spacious three- and four-bedroom townhome-style units. The units all offer 2,000-square-foot and larger floor plans and include hardwood floors, granite counter tops, stainless steel appliances, and washer/dryer hookups. The property also includes a covered parking garage.

Roger Beck
“The Valley Village area near North Hollywood is a small community with very little product available to purchase,” said Skya-Wasserman, director with Charles Dunn Company.

“This property was attractive to the buyer because there are very few options to rent higher-end, large townhome units like this. 

"The majority of apartments in this area are older construction with the exception of IMT Residential’s new projects within the vicinity.”

Skya-Wasserman added that the non-rent controlled property was also in prime condition and required little to no maintenance.

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224

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