CHARLES DUNN COMPANY COMPLETES $2.6 MILLION SALE OF PRIME LA APARTMENT BUILDING

Charles Dunn Company, a full-service commercial real estate firm, has sold a 29,444 SF, 60-unit apartment building for $2.6 million. The property is located at 1609 North Normandie Avenue in Los Angeles.

(PRWEB) July 27, 2003 -- Charles Dunn Company, a full-service commercial real estate firm, has sold a 29,444 SF, 60-unit apartment building for $2.6 million. The property is located at 1609 North Normandie Avenue in Los Angeles.

Albert R. Shilton, senior managing director, at Charles Dunns West Los Angeles office represented both the buyer, 1609 North Normandie, LLC, and the seller, Rexwood, Ltd.

This building was in excellent condition, thus provided the buyer with good upside potential," said Shilton. The seller owned the property for more than 20 years and felt that low interest rates and lack of product made this an ideal time to sell."

According to Shilton, the property was built in the 1920s and features Art Deco architecture. Unlike many buildings of this vintage, it had a large detached parking garage.

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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