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May 26, 2018
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Goldrich & Kest Buys 43-Unit Multifamily Property in West Hollywood

4/17/18

Culver City-based Goldrich Kest has acquired Infinity West, a 43-unit garden-style apartment building in West Hollywood, for $23.65 mil ($550k/unit). Infinity West is located at 7051 Lanewood Ave, near the intersection of Sunset Blvd and La Brea Ave.

Infinity West features a unit mix of studio, one- and two-bedroom apartments that include amenities such as a fitness center, conference room and secured parking. Built in 2012, the property boasts a Walk Score of 89, providing tenants with close access to restaurants, retail stores and parks.

According to Goldrich Kest President Carole Glodney, more than $500k will be invested into renovations at the property. Infinity West was sold by Bolour Associates, the property’s developer. Blake Rogers with HFF represented the seller.

Goldrich & Kest was founded by Jona Goldrich and Sol Kest, both Holocaust survivors who have since passed. They launched their company in 1957 with $200 in their pockets and parlayed that into an extensive portfolio of residential, commercial, industrial, and retail space.

Among their projects are 120 apartment buildings with 13,188 units, five marinas with 2,139 slips, 24 senior living facilities with 4,248 beds, and more than 11 msf of commercial space. Seventy of their apartment buildings accommodate low-income families and Goldrich Kest offers free after-school and summer programs to keep its young residents engaged and eager to learn.

Goldrich Kest were innovators in their field having been major proponents of condominiums during their infancy in the 1960’s and building senior living facilities starting in 1965. By 1968, the company was a pioneer developer in Marina Del Rey where they built one of the first luxury apartment/marina complexes in what was previously considered swampland.






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