July 16, 2020 Comments Off on Omninet Capital Buys MF in L.A.’s Koreatown for $32M Views: 483 California News, Los Angeles

Omninet Capital Buys MF in L.A.’s Koreatown for $32M

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Beverly Hills-based Omninet Capital acquired The Maya Apartments, a 72-unit multifamily property in Los Angeles’ Koreatown section, from Jamison Properties for $32.4 million. Located at 535 S. Kingsley Dr., the property was built in 2018 and features a mix of one- and two-bedroom units with above-standard ceiling heights and a rooftop deck with views of Los Angeles.

Omninet Capital’s Michael Danielpour says, “The Maya will be a good addition to our multifamily holdings in Los Angeles. We were able to close this transaction in seven days, and it is the 7th transaction we have completed in the last five months with over $250 million in acquisitions for this period.”

CBRE’s Laurie Lustig-Bower and Kamran Paydar represented the seller.

Lustig-Bower says, “The Maya’s excellent location just north of Wilshire Boulevard, attractive unit layouts and proximity to two Metro subway portals make it well-positioned within the bustling Koreatown community. Not surprisingly, we received great interest and hosted a number of tours.”

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