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Charles Dunn Company Sells 40-Unit Art Deco Building For $3.1 Million

April 4, 2004--Albert Shilton, Senior Managing Director of the Investror services Group, in Charles Dunn's West Los Angeles office represented both the buyer, Richard Stromberg, an individual investor, and the seller, Cheatue Du-Val, LLC.    

"Cheatue Du-Val was constructed in 1929 and is truly art deco in design including a slate roof and leaded glass windows, " said Shilton. "Aside from the unique architecture, the building was also "non-rent controlled", thus providing the buyer with the opportunity to renovate all of the units and raise the rents to market in a short time."

Charles Dunn Company is one of the largest full service brokerage and property management firms on the West Coast. Since its founding in 1921, Charles Dunn Company has been helping thousands of companies and individuals with a full complement of real estate services. The California-based company offers comprehensive brokerage, property and asset management, corporate and construction advisory as well as financial services to tenants, owners, investors and developers. Charles Dunn Company maintains offices in downtown Los Angeles, West Los Angeles, Seal Beach, Sacramento, San Diego, Studio City, San Francisco, Newport Beach and Phoenix.     For more information, please visit
www.charlesdunn.com


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