Optimus Properties Acquires Mixed-Use Property On Sunset Blvd, Echo Park For $3.5M

The mixed-use property located at 1501 Sunset Blvd has been sold in a recent transaction in Echo Park, Los Angeles, CA. The property encompasses approximately 5,000 square feet and was sold for a total price of $3,500,000, resulting in a price per square foot of $700.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $3,500,000
• Square Footage: 5,000
• Price per Square Foot: $700
• Address: 1501 Sunset Blvd
• Market: Echo Park, Los Angeles, CA

The buyer of the property is Optimus Properties, while the seller is Champion Real Estate. The deal was facilitated by Ty Del Re and Lorena Tomb from Urbanlime Real Estate, who represented the respective parties.