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| 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.
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| 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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