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12/15/25
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Two multifamily properties totaling 86 units in Los Angeles’ mid-cities area traded hands for a combined price of $13 mil. The assets, located at 301–307 N. Rampart Blvd and 250 S. Kenmore Ave, were sold by Optimus Properties LLC.
301–307 N. Rampart Blvd, Los Angeles |
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The property at 301–307 N. Rampart Blvd, a mixed-use structure consisting of 46 apartments and three ground-floor retail spaces in the city’s Westlake neighborhood, sold for $7.8 mil. The asset offers attractive long-term upside fueled by strong tenant demand, proximity to Downtown Los Angeles, and continued neighborhood revitalization.
The second property, located at 250 S. Kenmore Ave, is a 40-unit apartment building in the heart of Koreatown—one of Los Angeles’ most resilient and high-density rental markets. It sold for $5.2 mil, or $130k/unit. The property benefits from exceptional walkability, immediate access to transit, and a dynamic mix of retail and cultural destinations.
Optimus, led by K. Joseph Shabani, Kamyar Shabani and Jesse Liu, recently expanded its portfolio with the purchase of retail properties at 301-343 Glendale Blvd and 18601-18653 Yorba Linda Blvd. In September of last year, Optimus acquired a Hollywood retail property at 5214-5232 W. Sunset Blvd, located next to their existing mixed-use building at 1501 W. Sunset Blvd. Additionally, Optimus recently purchased a 70-unit apartment community in Beaverton, OR.
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