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| 2476 North Beachwood Drive, Los Angeles, CA |
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| Michael Hibbert |
LOS ANGELES, CA, Aug. 28, 2013 – Charles Dunn Company, one
of the largest full-service regional real estate firms in the western United
States, has completed the $1.53 million sale of a vacant, five-unit multifamily
property located just north of Franklin St. at 2476 N. Beachwood Drive
in Los Angeles.
Michel Hibbert, senior managing director of Charles
Dunn Company, represented the seller, an LLC from Los Angeles. The buyer was
the Pachucki Family from Los Angeles who was represented by Andrew Maleski
of ACM Properties.
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| Andrew Maleski |
“The property presented the investor with a strong value-add
opportunity,” said Hibbert. “The buyer plans to renovate the vacant property in
a submarket with just three percent vacancy and rising rents.”
According the Hibbert, the property was marketed for several
months generating over 15 offers. “Through our extensive marketing program and
sales expertise in the area, we were able to screen and select the ideal buyer
who was the highest bidder with the highest likelihood of a smooth and quick
closing. The property sold for 97 percent of the asking price.”
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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