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.