Charles Dunn Company Closes $2.3 Million Multifamily Sale

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By The Hoyt Organization -

Torrance, CA – February 24, 2011 – (RealEstateRama) — Mark Ventre and David Eitches of Charles Dunn Company’s West Los Angeles office have closed the sale of a 16-unit multifamily property located at 2352 Glendale Blvd. in Los Angeles, Calif. The transaction is valued at $2.332 million.

Built in 1958, the 11,590-square-foot apartment complex was purchased by Thorofare Capital. Ventre and Eitches represented the seller, Hector Garza. The building is located in the trendy Silver Lake area and neighbors shops, yoga studios and restaurants.  It is situated within walking distance from the Silver Lake Reservoir.

The building is currently 100 percent leased.  The seller wished to free up more time to dedicate to his family, while the buyer wanted a turnkey property in a good rental submarket.  Escrow was approximately 90 days.

About Charles Dunn Company
Charles Dunn Company is one of the largest full-service brokerage firms on the West Coast. Established in 1921, the Los Angeles-based company provides a full complement of real estate services. For more information and office locations, please visit www.charlesdunn.com.

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