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301 Glendale Boulevard

Kamyar Shabani & Joseph Shabani Acquire Echo Park Village Retail Center In Los Angeles
SOLDRetail

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

Kamyar Shabani

Optimus Properties, LLC

Buyer

$160.5M

vol

13 deals

Buyer

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