27-unit apartment building sold for $8.2M

Los Angeles–Charles Dunn Co., a partner of Los Angeles-based-GVA Worldwide, has negotiated the sale of a 27-unit apartment building in Los Angeles on behalf of the seller, N2 Ventures LLC and Silver Oak Holdings LLC, for $8.2 million.The 30,590-sq.-ft. apartment building is located at 3325 S. Canfield Ave. in Los Angeles and had100 percent occupancy at the closing of escrow. The rents for the one-,two-,and three-bedroom apartments range from $250 to $2,850.Michel Hibbert, senior managing director of the investment services group in the Los Angeles office of Charles Dunn, represented N2 Ventures and Silver Oak Holdings. Michael Balson of Miller & DeSatnik represented the buyer, Redwood Partners LLC.