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| 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.
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| 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.
Contact:
Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224
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