Charles Dunn Company Negotiates Multifamily Sale Transaction
Torrance, CA – February 18, 2011 – (RealEstateRama) — Albert Shilton and Blake Rogers of Charles Dunn Company’s West Los Angeles office closed a note sale of a 35-unit multifamily property located at 4620 Coliseum St. in Los Angeles, Calif. The 29,718-square-foot apartment building was built in 1954 and is 83 percent leased. The transaction value is undisclosed.
“There were more than 400 code violations on the property at the time of sale,” explained Shilton. “Along with the note, the buyer received a deed in lieu of foreclosure in a simultaneous transaction.”
Shilton and Rogers represented both the buyer, 4620 Coliseum St., LLC, and the seller, Pacific Premier Bank. The transaction was the second note sale with the same lender and buyer.
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.
