DEAL OF THE DAY: 19-Unit Rental Property Sold for $2.85M

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By Anuradha Kher, Online News EditorCanoga Park, Calif.–Charles Dunn, a partner company of GVA Worldwide, recently arranged the sale of the 19-unit apartment building located at 7037 Alabama Ave. in Canoga Park, Calif., for 2.85 million.Paul A. Kenworthy, managing director of the investment services group in the west Los Angeles office of Charles Dunn, represented […]

By Anuradha Kher, Online News EditorCanoga Park, Calif.–Charles Dunn, a partner company of GVA Worldwide, recently arranged the sale of the 19-unit apartment building located at 7037 Alabama Ave. in Canoga Park, Calif., for 2.85 million.Paul A. Kenworthy, managing director of the investment services group in the west Los Angeles office of Charles Dunn, represented the buyer, Saswata Sen, and the seller, Khougaz Trust.The 17,324-sq.-ft. building is 100 percent occupied.“This transaction had tremendous upside for the buyer, nearly 20 percent,” says Kenworthy. “The apartments are not rent controlled.”

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