1616 South Bundy Street, West Los Angeles, CA
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| Kimberly Roberts Stepp |
LOS ANGELES, CA, April 19, 2013 – Charles Dunn Company, one
of the largest full-service regional real estate firms in the western United
States, has completed the $1.95 million sale of a 7-unit multifamily property
located at 1616 South Bundy near the major cross street of Santa Monica
Blvd. in West Los Angeles.
Kimberly Roberts Stepp of Charles Dunn Company
represented the seller, 1616 South Bundy, LLC from Los Angeles. The buyer was
Judmarc, LLC from Los Angeles and was represented by Hamid Soroudi. The
closing cap rate was 4.8 percent.
“This property was on the market for just one week,” said
Soroudi. “With current rental vacancy rates at two to three percent and very
little inventory on the Westside, pricing for multifamily properties is very
strong and available properties are hotly contested.”
 |
| Hamid Soroudi |
Soroudi and Stepp are part of Charles Dunn Company’s Soroudi
Group, 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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