LA apartment building changes hands

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A 26-unit apartment building in Los Angeles has changed hands in a deal valued at $4.3 million. Charles Dunn Co., a partner of GVA Worldwide, negotiated the sale and purchase of the building, which is located at 1631 Rodney Dr. An independent buyer, 23-25 Hughes LLC, purchased the 21,342-square-foot, fully occupied building from Renaissance Commercial. The building, known as Rodney Courts, was sold at a cost of $165,538 per unit. Charles Dunn Company is a Los Angeles-based full-service brokerage company. ...