LOS ANGELES-Charles Dunn Company has completed three multifamily property sales totaling $9,315,000 in the Koreatown submarket of Los Angeles.
Janet Neman, senior managing director, and Bryan Glenn, senior director, of Charles Dunn Company
represented the seller, Executive Commercial Properties, as well as the individual buyers on all three transactions. The properties are each about two blocks away from each other and are within walking distance to Wilshire Boulevard, the Wilshire/Normandie Metro, and the former Ambassador Hotel site, which is currently the Robert F. Kennedy Community Schools complex.
"These three properties are centrally located in the Mid-Wilshire/Koreatown submarket, an area that has undergone tremendous revitalization and is one of the most densely populated, high-demand rental
areas in Los Angeles," said Glenn. "The properties were offered at attractive cap rates and with favorable financing that will enable the new owners to enjoy strong cash flow and great returns year-over-year."
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
