 |
| Michel Hibbert |
LOS ANGELES, CA, July 23,
2015 – Charles Dunn Company, one of the largest full-service regional real
estate firms in the western United States, has completed the $3,175,000 sale of
a 6,789-square-foot retail property located on three lots at 6001 to 6011 W.
Pico Blvd., in Los Angeles.
Situated at a prime location near the 10
freeway, the buyer has plans for a new multifamily development.
Michel Hibbert
of Charles Dunn Company represented buyer, Carthay Pacific, LLC from Los
Angeles. The seller, 6001-6011 W. Pico Boulevard, LLC from Los Angeles was
represented by David Aschkenasy of
Commercial Asset Group.
“With rental units in
demand throughout Los Angeles, the buyer plans to redevelop the asset which
sits on 15,483 square feet of land into a 42-plus unit apartment property,”
said Hibbert. “This up-and-coming Pico Boulevard/Crescent Heights neighborhood
is an excellent submarket for new development because of the lack of luxury
housing options.”
Hibbert noted that the
retail property’s two retail tenants were on short term leases. Construction is
anticipated to begin within 12 months with completion 36 months after
construction commences.
For a complete copy of the company’s news release,
please contact:
Darcie Giacchetto
949.278.6224
No comments:
Post a Comment