The Real Deal Los Angeles

Goldrich Kest expands into West Hollywood with multifamily acquisition

The firm, which acquired the garden apartment complex from Bolour Associates, plans extensive renovations
By Dennis Lynch | April 13, 2018 12:00PM

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.