LOS ANGELES, Oct. 23, 2018 /PRNewswire/ -- Optimus Properties, LLC has completed the acquisition of a 16 unit apartment complex consisting of two adjacent 8 unit buildings located at 4808-4816 August St. The buildings are located on August St. between Nicolet & Stevely Avenues.
"This is our first purchase in Baldwin Village and our sixth acquisition overall this year," said Kamyar Shabani, a principal of Optimus Properties, LLC.
The Properties were built in 1957 and consist of a mix of one, two and three bedrooms, with 12 parking spaces. The Property is located on a corner and displays excellent curb appeal. Optimus intends on renovating the exterior of the building and improving the common areas.
"We were drawn to these buildings because of the large unit sizes, available parking and desirable location," said K. Joseph Shabani, a principal of Optimus Properties, LLC.
Optimus Properties, LLC, located in Los Angeles, California, was founded by Kamyar Shabani and K. Joseph Shabani and employs a disciplined investment approach focused on value creation in multifamily properties throughout Los Angeles.
SOURCE Optimus Properties, LLC