Kidder Mathews has successfully arranged the $7.6 million sale of The Carlton Apartments, a 36-unit property located at 5535 Carlton Way in Hollywood.
Kidder Mathews Executive Vice President Darin Beebower and Associate Dakoda Iversen represented Los Angeles-based James Investment Partners in the sale to a local real estate investor.
The property generated more than 25 offers from prospective buyers despite softening rental trends in parts of the Hollywood market, which have led many investors to more closely scrutinize underwriting assumptions and future rent growth projections.
“This transaction is a good example of the importance of persistence,” said Beebower. “We remained committed to the process, stayed engaged with the market, and were ultimately able to identify the right buyer to help our client achieve a successful sale.”
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages 54 million square feet of space, and conducts nearly 2,700 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
