LOS ANGELES, CA Aug. 24, 2012 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed two multifamily sales totaling approximately $3 million in Los Angeles.
Ramin Gheitanchi (middle right photo) of Charles Dunn Company represented the single buyer for both transactions with entity names: 10438 JCE Santa Monica LLC and 10501 JCE Missouri LLC.
Gregg Elliott of The Elliott Co. represented the sellers on both transactions.
“This buyer owns numerous other properties in the immediate area and was seeking to expand its ownership as the market for multifamily remains strong and property values continue to increase,” said Gheitanchi.
The first property was sold for $1.73 million and is located at 10438 Santa Monica Blvd. in Los Angeles near the cross street of Beverly Glen. It includes ten units and is fully occupied. The seller was Elliott Properties California LP.
The second property was sold for $1,325,000 and is located at 10501 Missouri Ave. (lower left photo) in Los Angeles near the cross street of Thayer Ave. The property includes six units and is 83 percent occupied. The seller was Mortenson Capital LLC.
Gheitanchi specializes in multifamily properties in the prime Westside market consisting of Westwood, West Los Angeles and Beverly Hills.
With a proven track record and an extensive database of buyers, sellers and property information, Gheitanchi continually sells a large percentage of the closed transactions in the specialized market.
Contact:
Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224
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