Login

It's A Lock On Charnock

Investors Purchase 15-Unit Apartment Complex
By Raoul Padilla
April 19, 2002 | 1:23 P.M.

Morrell Family Trust purchased the 15-unit apartment complex at 9715 Charnock Ave. in Los Angeles. The 13,150-square-foot multifamily property was built in 1986. Each of the 15 units is separately metered for gas and electric. Total value of the transaction was $1.875 million or $125,000 per unit with a 7.23 percent cap rate. Morrell Family Trust was represented by Marc Paul of Re/Max Commercial Brokerage. Karl Duistermars of Dunn/Duistermars Investment R.E. represented the seller, 9715 Charnock Ave LLC.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

News | It's A Lock On Charnock