Optimus Properties, LLC Acquires Multifamily Property In Los Angeles For $16M

The multi-family property located at 1806 N. Berendo St in Los Angeles, CA has been sold for $16,000,000. The transaction took place on 11/02/2022. The property consists of 34 units, resulting in a price per unit of $470,588. The buyer of the property was Optimus Properties, LLC, represented by Kamyar Shabani and Joseph Shabani. The sale was facilitated by broker Robin Ossenbeck from Kidder Mathews. Lender for the transaction was First Republic Bank.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,000,000
• Address: 1806 N. Berendo St, Los Angeles, CA
• Market: Los Angeles, CA
• Units: 34
• Price per Unit: $470,588
• Buyer: Optimus Properties, LLC - Kamyar Shabani & Joseph Shabani
• Broker: Robin Ossenbeck - Kidder Mathews
• Lender: First Republic Bank

This successful transaction highlights the involvement of key individuals and companies in the deal. Optimus Properties, LLC, led by Kamyar Shabani and Joseph Shabani, acted as the buyer for the multi-family property. Robin Ossenbeck from Kidder Mathews represented the buyer, showcasing their expertise as a broker. First Republic Bank provided the necessary financing for the transaction, demonstrating their commitment to supporting real estate ventures.