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| Kimberly Roberts Stepp |
LOS ANGELES, CA, Aug. 7, 2014 – Charles Dunn Company, one of
the largest full-service regional real estate firms in the western United
States, has completed the sale of a fully occupied 17-unit multifamily property
at 909 N. Gardner St. in West Hollywood for an undisclosed price.
Kimberly Roberts Stepp, senior managing director with
Charles Dunn Company, represented the seller, a private investment company. The
buyer was a California-based private limited liability company represented by Shah
Noorvash of Coldwell Banker-BH South.
Built in 1988 and renovated in 2013, the non-rent controlled
property includes controlled access, an elevator, gated parking, and fitness
room.
Each unit includes central air conditioning, fireplaces, dishwashers,
recessed lighting, new upgraded cabinetry and kitchen appliances, quartz
counters with under mount sinks and other upgrades.
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| Shah Noorvash |
“Average apartment rental rates continue to grow in West
Hollywood with a vacancy rate of just around three percent,” said Roberts
Stepp. “Multifamily investments in this submarket continue to draw investors
seeking long-term rental growth and property appreciation.”
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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