Sara Weinstock Purchases Multifamily Property From Joseph And Kamyar Shabani For $2.32M In Koreatown

The transaction involves a multifamily asset located at 4651 Council Street in Los Angeles, comprising 7 units. The property was sold for $2,320,000, equating to a price per unit of $331,428 and a total square footage of 7,444, resulting in a price per square foot of $311.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,320,000
• Units: 7
• Price Per Unit: $331,428
• Square Footage: 7,444
• Price Per Square Foot: $311
• Buyer: Sara Weinstock
• Seller: Joseph Shabani & Kamyar Shabani - Optimus Properties
• Seller's Representative: Neema Ahadian & Jeffrey Estrada - Marcus & Millichap
• Market: Los Angeles
• Closing Date: 10/23/2025

The Neema Group of Marcus & Millichap managed the sale, successfully attracting 1031 exchange buyers targeting properties with immediate cash flow and minimal deferred maintenance. The seller had invested over $500,000 in capital improvements since the acquisition of the asset in 2018, which included full renovations of five units, enhancing the overall value of the investment. The sale achieved competitive pricing relative to 1950s rent-controlled buildings in Koreatown.