Goldrich Kest Acquires Hollywood Apartment Building From Lennar Multifamily Investors

The apartment building located at 1411 N. Highland Ave in Hollywood, LA has been sold for $52,000,000. The property spans an impressive 68,000 square feet, with a price per square foot of $764. The building comprises of 76 units, resulting in a price per unit of $684,210.

Summary of transaction details

• Property Type: Apartment Building
• Transaction Amount: $52,000,000
• Address: 1411 N. Highland Ave
• Market: Hollywood
• City: LA
• Size: 68,000 SF
• Price per Square Foot: $764
• Number of Units: 76
• Price per Unit: $684,210

The buyer of the property is Goldrich Kest, while the seller is Lennar Multifamily Investors. It is worth noting that the Miami-based homebuilder, Lennar Corp., constructed the building, which is conveniently situated on the northwest corner of Highland and De Longpre avenues. The prime location places it just a few blocks south of the popular Hollywood & Highland complex, bustling nightlife, and the Los Angeles County Metropolitan Transportation Authority Red Line’s Hollywood/Highland Station.