Entries by wpengine

Koreatown Owners Expand Portfolio

LOS ANGELES – May 29, 2015 – Optimus Properties, LLC has completed the $5,950,000 million acquisition of a 48 unit apartment complex located at 401 S. Kenmore Avenue in Koreatown. Built in 1927, this brick building is located in the heart of Koreatown.  The building was fairly stabilized, but the new owners plan to do opens in a new window Read More »

Koreatown Owners Expand Portfolio

LOS ANGELES – April 8, 2015 – Optimus Properties, LLC has completed the $2.2 million acquisition of a 16 unit apartment complex located at 837 S. Normandie in Koreatown. The seller and buyer were represented by Derrick Vartanian, Andre Melikian and Jonathan Agustin Prakash or MVPartners.  The closing cap rate was 5.66 percent. Built in opens in a new window Read More »

Multifamily Properties Close in West Hollywood

LOS ANGELES – December 2, 2014 – Optimus Properties, LLC has completed the $3.9 million sale of two 100 percent occupied, rent-controlled properties located at 7604 Lexington Avenue (7 units) and 7605 Lexington Avenue (5 units) in West Hollywood. Neema Ahadian of Marcus and Millichap represented the Seller, an affiliate of Optimus Properties, LLC.  The opens in a new window Read More »