LA Community Sells for $24M
- Apr 16, 2018
Goldrich Kest has acquired Infinity West, a 43-unit garden-style community in West Hollywood, for $23.7 million. HFF arranged the sale of the property on behalf of the seller, Bolour Associates.
Located at 7051 Lanewood Ave., Infinity West is near the intersection of Sunset Boulevard and La Brea Avenue. The community is also closely located to Santa Monica Boulevard and Hollywood Freeway and is approximately 10 miles from downtown Los Angeles. Infinity West was built in 2012 and comprises a mix of studio, one- and two-bedroom units. Communal area amenities include a fitness center, conference room and secured parking. The buyer plans to invest $500,000 to improve the property.
“West Hollywood is one of Southern California’s most desirable and trendy communities known for its high-energy nightlife, eclectic dining scene, comedy clubs and live music venues,” said Carole Glodney, president of Goldrich Kest, in prepared remarks. “Infinity West is a welcome new addition to the Goldrich Kest portfolio.”
HFF’s Managing Director Blake Rogers represented the seller in the deal.
Image courtesy of Goldrich Kest