Charles Dunn Co. Completes $2.29 Million Sale of an 18-Unit Multifamily Property in 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 $2.29 million sale of an 18-unit multifamily property that is located at 2469 S. Robertson Blvd. (top left photo) in Los Angeles near the cross streets of National Blvd. and Cadillac and in close proximity to the 10 Freeway.

Michel Hibbert (lower right photo) of Charles Dunn Company represented the Los Angeles-based buyer, 6656 Fountain LLC, as well as the seller, Los Angeles-based 2469 S. Robertson Associates, LP in the transaction. The closing cap rate was 5.3 percent.

“This multifamily property recently underwent a major renovation making it an attractive asset in a prime Los Angeles submarket that is seeing a three percent vacancy,” said Hibbert.

The property was 100 percent occupied at the close of escrow and includes 17 one-bedroom/one-bathroom units, and one two-bedroom/one-bathroom unit.  It has a secured entrance and a pool.

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