Goldrich Kest Acquires Hollywood Apartment Building From Lennar Multifamily Investors
1411 North Highland Avenue
68,000 SF
Summary
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.
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