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CHARLES DUNN COMPANY SOLD MULTIFAMILY
PROPERTY FOR $1.6 MILLION
Charles Dunn Company, a full-service commercial real estate firm, has sold a 40-unit apartment building from Catalina Properties, LLC to Nick Nickravesh for $1.6 million. Built in the 1920s, the building is located at 730 S. Catalina Street in West Los Angeles, Calif.
Charles Dunn Company, a full-service commercial real estate firm, has sold a 40-unit apartment building from Catalina Properties, LLC to Nick Nickravesh for $1.6 million. Built in the 1920s, the building is located at 730 S. Catalina Street in West Los Angeles, Calif.
Janet Neman, senior managing director at Charles Dunns West LA office represented both the seller, Catalina Properties LLC, and the buyer, Nick Nickravesh -- an independent real estate investor.
Even though the building is located in a prime Mid-Wilshire area, the rents were 20% below the market," said Neman. The buyers intend to renovate the building and bring the rents up to market rate."
Charles Dunn Company is one of the largest full service brokerage and property management firms on the West Coast. Since its founding in 1921, Charles Dunn Company has been helping thousands of companies and individuals with a full complement of real estate services. The California-based company offers comprehensive brokerage, property and asset
management, corporate and construction advisory as well as financial services to tenants, owners, investors and developers. Charles Dunn Company maintains offices in downtown Los
Angeles, West Los Angeles, Sacramento, Seal Beach, San Diego, San Fernando Valley, San Francisco, Orange County and Phoenix. For more information, visit www.charlesdunn.com
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Contact:
Vanessa Amin
vamin@hoytorg.com
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