REBusinessOnline

CHARLES DUNN CO. SELLS APT COMMUNITY FOR $4.1M

LOS ANGELES — Charles Dunn Company has sold a 16-unit apartment community to Los Angeles-based Acorn II Partners, L.P., for $4.1 million. The West Los Angeles complex is located at 1946 Overland Ave. The nearly 20,000-square-foot property, which was built in 1963, was 95 percent occupied at the close of escrow. It sold at a 5.3 percent cap rate. Charles Dunn Company’s Hamid Soroudi represented the buyer. Ramin Gheitanchi, also of Charles Dunn, represented the seller, Heyat, LLC.

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