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| Gelena Skya Wasserman |
LOS ANGELES, CA, July 30, 2014 – Charles Dunn Company, one
of the largest full-service regional real estate firms in the western United
States, has completed the $6,875,000 sale of a fully occupied 12-unit
multifamily property located at 5056 Laurel Canyon Blvd. in Valley
Village, Calif., a city within San Fernando Valley.
Roger Beck and Gelena Skya-Wasserman of
Charles Dunn Company represented the 1031 exchange buyer, Venture One, LLC in
the transaction. The seller, Laurel Heights, LLC was represented by Peter
Miller of KW Commercial.
Built in 2011, the property includes a mix of spacious
three- and four-bedroom townhome-style units. The units all offer
2,000-square-foot and larger floor plans and include hardwood floors, granite
counter tops, stainless steel appliances, and washer/dryer hookups. The
property also includes a covered parking garage.
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| Roger Beck |
“The Valley Village area near North Hollywood is a small
community with very little product available to purchase,” said Skya-Wasserman,
director with Charles Dunn Company.
“This property was attractive to the buyer because there are
very few options to rent higher-end, large townhome units like this.
"The
majority of apartments in this area are older construction with the exception
of IMT Residential’s new projects within the vicinity.”
Skya-Wasserman added that the non-rent controlled property
was also in prime condition and required little to no maintenance.
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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