 |
| 1865 North Fuller Ave., Hollywood Hills, CA |
LOS ANGELES, CA– Charles Dunn Company, one of the largest
full-service regional real estate firms in the western United States, has
completed the $13.5 million sale of a 45-unit multifamily property located
adjacent to Runyon Canyon Park at 1865 N. Fuller Ave. in the Hollywood
Hills submarket of Los Angeles.
Hamid Soroudi
of Charles Dunn Company represented the seller, Los Angeles-based South
Brockton Partners, LLC, as well as the buyer, Los Angeles based Dorchester
Properties, LLC. The sale closed at a
4.7 percent cap rate.
 |
| Hamid Soroudi |
1865 N. Fuller
sits adjacent to Runyon Canyon Park located on nearly one-acre of land and
property amenities include controlled access, two elevators, gym, resort-style
swimming pool and gated parking garage.
The units are very large with approximately 1,400 square feet. Some of
the units have been renovated with
granite counter tops and new kitchen and bathroom cabinets and flooring.
“The buyer intends
to reposition the property and will renovate the common areas and the remaining
un-renovated units in order to eventually increase rental rates,” said Soroudi.
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
No comments:
Post a Comment