Kamyar Shabani & Joseph Shabani Acquire Echo Park Village Retail Center In Los Angeles
301 Glendale Boulevard
Building Size
21,900 SF
Asset Type
Retail
Closing
Oct 7, 2025
AI
Optimus Properties LLC has acquired a retail center located at 301–343 Glendale Boulevard in Los Angeles, comprised of 21,900 square feet. The asset is fully leased and includes notable tenants such as Gra Pizzeria, One Down Dog Yoga Studio, and Clark Street, which contribute to its appeal in the market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 301-343 Glendale Boulevard
- Market: Los Angeles
- Asset Square Footage: 21,900
- Buyer: Kamyar Shabani & Joseph Shabani - Optimus Properties, LLC
This transaction marks Optimus Properties LLC's third retail acquisition in the Echo Park area, indicating a strategic investment approach by the buyers in this specific market demographic.
Players
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93