Thursday, December 20, 2012

Charles Dunn Co. Completes $10,825,000 Sale of 128-Unit Multifamily Property in Los Angeles



Hamid Soroudi
LOS ANGELES, CA,  Dec. 20, 2012 – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $10,825,000 sale of a 128-unit multifamily property located at 930 S. Bonnie Brae St. near the major cross street of Olympic in Los Angeles.

Hamid Soroudi of Charles Dunn Company represented the seller, Los Angeles-based Melrose Camerford Partners, LLC. The buyer, Los Angeles-based 930 S. Bonnie Brae, LLC represented itself. The sale closed at a 6.4 percent cap rate.

930 South Bonnie Brae Apartments,
Los Angeles, CA

The four-story property includes an elevator, pool, spa, recreation room, rental office and a gym.  It also offers controlled access and subterranean parking.  

The unit mix consists of 45, one-bedroom units with average rent of $884; 23 single units with average rent of $673; and 60 bachelor units with average rent of $644.  All the units have air conditioning. 

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.

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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