Entries by wpengine

Optimus Properties, LLC Purchases Another Property in Koreatown

LOS ANGELES – October 28, 2016 – Optimus Properties, LLC has completed the acquisition of a 10 unit apartment complex located at 3960 West 8th Street.  The building is located on the corner of Gramercy and West 8th Street in Koreatown. “This is our second purchase in Koreatown in 2016 so far (with our third […]

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 […]

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 […]

Historic Apartment Building Sells in Developing Koreatown

LOS ANGELES – December 31, 2014 – Optimus Properties, LLC has completed the $7 million sale of a six story, 55 unit, 100 percent occupied, rent-controlled brick building located at 3715 West First Street in the gentrifying Los Angeles neighborhood of Koreatown. “First Street is a wonderful asset that we brought back to life after […]

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 […]