Optimus Properties, LLC is pleased to announce the successful sale of two multifamily properties located at 301–307 N. Rampart Blvd. and 250 S. Kenmore Ave. in Los Angeles, California for a combined total sales price of $13,000,000.
301–307 N. Rampart Blvd., a mixed-use property consisting of 46 apartments and 3 ground floor retail spaces situated in a rapidly evolving Westlake neighborhood, sold for $7,800,000. The asset offered attractive long-term upside fueled by strong tenant demand, proximity to Downtown Los Angeles, and continued neighborhood revitalization.
The second asset, 250 S. Kenmore Ave., a 40-unit apartment building located in the heart of Koreatown—one of Los Angeles’ most resilient and high-density rental markets—sold for $5,200,000. The property benefits from exceptional walkability, immediate access to transit, and a dynamic mix of retail and cultural destinations.
“Optimus has continued to demonstrate discipline and efficient execution in a challenging market environment. These sales underscore the importance of thoughtful asset selection and hands-on management. Both properties performed very well during our ownership period, and we’re proud to deliver another strong outcome for our investors” said Kamyar Shabani, principal at Optimus Properties, LLC.
“Executing these sales in today’s challenging market environment speaks to Optimus’ successful disciplined approach and ability to navigate complex conditions in rapidly shifting market conditions. Despite the headwinds, the transactions were completed successfully, and the results reflect a high standard of execution” said K. Joseph Shabani, principal at Optimus Properties.
Optimus recently expanded its portfolio with the purchase of retail properties at 301-343 Glendale Blvd. and 18601-18653 Yorba Linda Blvd. In September of last year, Optimus acquired a Hollywood retail property at 5214-5232 W. Sunset Blvd., located next to their existing mixed-use building at 1501 W. Sunset Blvd. Additionally, Optimus recently purchased a 70-unit apartment community in Beaverton, OR. Recent sales include a 49,900 square foot retail center at 3101 N. Garey Avenue in Pomona and a 61,000 square foot single-tenant office building at 2325 Crenshaw Blvd. Torrance. Last year, Optimus completed four acquisitions totaling over $70 million, led by K. Joseph Shabani, Kamyar Shabani and Jesse Liu, Partner & Director of Acquisitions. These additions bring their total assets under management close to $1B. In 2026, Optimus aims to continue expanding its portfolio along the West Coast, with a particular focus on growing their retail portfolio.
About Optimus Properties, LLC
Optimus Properties, LLC is headquartered in Los Angeles, California, and is engaged in the acquisition, development, leasing, and management of multi-family, retail, and commercial real estate. The Company employs a disciplined investment approach focused on value creation and capital preservation. The Company’s investments are characterized by direct principal involvement and a meaningful contribution of its principals’ capital. The Company’s current portfolio consists of retail, office, medical office, and multi-family properties in California, Washington, Oregon and New Mexico.
