Thursday, August 7, 2014

Charles Dunn Company Completes Sale of 17-Unit Multifamily Property in West Hollywood, CA


Kimberly Roberts Stepp
LOS ANGELES, CA, Aug. 7, 2014 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the sale of a fully occupied 17-unit multifamily property at 909 N. Gardner St. in West Hollywood for an undisclosed price. 

Kimberly Roberts Stepp, senior managing director with Charles Dunn Company, represented the seller, a private investment company. The buyer was a California-based private limited liability company represented by Shah Noorvash of Coldwell Banker-BH South.

Built in 1988 and renovated in 2013, the non-rent controlled property includes controlled access, an elevator, gated parking, and fitness room. 

Each unit includes central air conditioning, fireplaces, dishwashers, recessed lighting, new upgraded cabinetry and kitchen appliances, quartz counters with under mount sinks and other upgrades.

Shah Noorvash
“Average apartment rental rates continue to grow in West Hollywood with a vacancy rate of just around three percent,” said Roberts Stepp. “Multifamily investments in this submarket continue to draw investors seeking long-term rental growth and property appreciation.”


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


Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224


No comments: