Goldrich Kest expands into West Hollywood with multifamily acquisition

The firm, which acquired the garden apartment complex from Bolour Associates, plans extensive renovations

TRD LOS ANGELES /
Apr.April 13, 2018 12:00 PM
The Infinity West apartment building in West Hollywood

Goldrich Kest has planted a flag in West Hollywood.

The firm paid Bolour Associates $24 million for Infinity West, a recently built 43-unit garden apartment complex in the neighborhood. The Culver City-based firm is planning to invest more than $500,000 into the property, according to Goldrich Kest.

The four-story building, which was completed in 2012, sits between Hollywood and Sunset boulevards, near Hollywood High School. The sale pencils out to over $550,000 per unit. The complex includes studio, one-, and two-bedroom units. Amenities include a gym and conference room. HFF represented Bolour in the sale.

The buy follows Goldrich Kest’s recent purchase of the Sunset Plaza apartment complex in West Covina for $45 million. About three quarter of the firm’s 85-asset national portfolio is multifamily.


Related Article

arrow_forward_ios
The top sales of last week were all on the Westside

Here are the 5 priciest resi sales in LA County last week

Barings Head of Alternative Investments Anthony Sciacca, and DWS Head of Americas Bob Kendall (Credit: Google Maps)

DWS Group pays $100M for WeHo resi complex

Richard Bloom and a rendering of Lowell Farms Cannabis Cafe (Credit: Lowell Farms, iStock)

Cannabis lounges bloom in WeHo, and not everyone is happy

Jason Illouian and the property (Credit: Faring Capital and Google Maps)

Faring advances plan for 271K sf cancer center where it had eyed boutique hotel

The 2017 LA Pride march in West Hollywood and West Palm Springs (Credit: United Food and Commercial Workers)

The “gayborhood premium:” A look at home prices in LGBTQ-centric areas

Sterling Organization CEO Brian Kosoy and the two Melrose Avenue properties

Sterling Organization buys retail portfolio along booming Melrose Avenue

From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

arrow_forward_ios