Goldrich Kest expands into West Hollywood with multifamily acquisition

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

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.

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