1619 Firestone Blvd · Los Angeles Business Journal, July 2024
Real Estate
Broker · Lender · Principal
Makan Mostafavi buys, builds, and holds Los Angeles real estate as principal.
Transaction value$3B+
Transactions closed4,500+
Transacted as principal$200M+
Experience25+ yrs
Closed transactions
Every transaction he closed as principal, mapped by city and price. As of August 2026.
Every transaction he closed as principal. As of August 2026.
A map of the Los Angeles region with each transaction he closed as principal marked by city and price. The ledger beside the map lists the same transactions by submarket.
© OpenStreetMap contributors
Submarkets
Beverly Hills2$43.0M
Calabasas12$24.2M
Encino8$21.2M
Northridge5$16.1M
Victorville1$12.9M
Santa Monica1$10.0M
Hawthorne4$9.4M
Van Nuys8$9.2M
50 more submarkets91$68.5M
Largest transactions
Beverly Hills$40M
Encino$15M
Victorville$12.9M
Northridge$10M
Santa Monica$10M
Hawthorne$8.5M
The advantage
Every part of a transaction runs in house.
- Finance team
- Financing is arranged in house as well as contributed.
- Brokerage
- The brokerage arm finds deals before a property is marketed.
- Development
- Ground-up and value-add projects, built as principal.
- Ground-up and value-add projects, built as principal. The Firestone building was delivered in 2023 and master-leased by the County of Los Angeles.Urbanize LAMarch 2020The Real DealNovember 2023Los Angeles Business JournalJuly 2024
- Management
- Properties are managed in house after the close.
On the record: the Firestone building, modular, delivered 2023 and master-leased by the County of Los Angeles.Urbanize LAMarch 2020The Real DealNovember 2023Los Angeles Business JournalJuly 2024
Acquisition criteria
- Geography
- Most closings are in Los Angeles County, led by the San Fernando Valley, with more in the Inland Empire and high desert.
- Los Angeles County, led by the San Fernando Valley, plus the Inland Empire and high desert.
- Strategies
- Ground-up development · Value-add · Buy-and-hold
- Partners
- Partners come into a deal on the same terms Mostafavi takes himself.
- Build, partner, or sell to him
- One counterparty answers all three.