CHARLES DUNN COMPANY COMPLETES SALE OF A 50-UNIT TROPHY MULTIFAMILY PROPERTY IN...

CHARLES DUNN COMPANY COMPLETES SALE OF A 50-UNIT TROPHY MULTIFAMILY PROPERTY IN SANTA MONICA

LOS ANGELES, CA – November 15, 2011 – (RealEstateRama) — Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the sale of a 50-unit multifamily property located at 123 California Ave. in Santa Monica. Kimberly Roberts Stepp of Charles Dunn Company who is out of the firm’s West Los Angeles office procured the seller, Petrikas Family Limited Partnership from Riverside, Calif. Hamid Soroudi, also from Charles Dunn Company’s West Los Angeles office represented the buyer, Xenon Investments from Los Angeles, Calif. The property closed at just above a 4 percent cap rate.

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Charles Dunn Company is one of the largest full-service regional real estate firms in the Western United States. Established in 1921 and headquartered in Los Angeles, the firm’s brokerage practice continues to be a market leader. The firm also manages more than 20 million square feet of office, industrial, retail, residential and mixed-use properties for third party clients and provides construction management, architecture and design, general contracting and capital markets services. With more than 260 team members in nine offices, Charles Dunn Company’s reach extends far beyond its physical locations, as its experienced professionals leverage their market knowledge, relationships, and expertise to achieve and exceed client expectations.

Contact:

Los Angeles Property Management and Asset Services
800 West Sixth Street
Sixth Floor Los Angeles
CA 90017

Phone: (213) 683-0500
Fax: (213) 683-1551

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