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LOS ANGELES-Monem Corp., a private investment firm, has acquired two multifamily buildings at 1525 Cassil Place and 4517 Franklin Ave. in Los Angeles for a combined value of $3.5 million, GlobeSt.com reports in this exclusive story. The purchase brings Monem Corp.’s portfolio to more than 60 multifamily properties.

“These were both off-market opportunities and buildings that we felt we could add some value to,” Danny Monempour, Monem Corp.’s president, tells GlobeSt.com. “They were both rent-control properties and had a lot of upside.”

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