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 Articles

arrow_forward_ios
From left: Michael Shabani, James Randall, and 8840 Beverly Boulevard (Credit: Getty Images)

Investor James Randall pays $36M for WeHo furniture showroom

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando

arrow_forward_ios
Loading...