1/31/2008

Charles Dunn directs sale of two L.A. multi-family properties for $10.3M

by
Charles Dunn Company has completed the sale of two apartment buildings in Los Angeles, Calif., for a total of $10.3 million.

A joint venture between N2 Ventures, LLC and Silver Oak Holdings, LLC sold a 27-unit apartment complex at 3325 S. Canfield Ave. for $8.2 million to Redwood Partners, LLC.

Charles Dunn's Michel Hibbert represented the venture while Michael Balson of Miller & DeSatnik represented Redwood Partners.

The apartment community was 100 percent occupied at the time of sale. It is situated on a 16,000 square foot parcel, which sold for $1.33 million in May 2004.

In a separate transaction, David Eitches represented an independent buyer in the purchase of a 12-unit apartment complex at 3200 Rowena Ave. for $2.1 million. Built in 1949, the complex is situated on a 19,000 square foot parcel.

Address: 3325 S. Canfield Ave., Los Angeles, Calif.
- 3200 Rowena Ave., Los Angeles, Calif.

Size: 39 units

Built: 2007, 1949

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Filed Under: Multi-Family

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