LOS ANGELES-Beverly Hills-based real estate investment firm Palm Heights LLC has acquired the Lanshire House, a West Los Angeles multifamily community, for $8.8 million in an off-market transaction. The 16,000-square-foot property has 100% occupancy of its 27 units, which range in size from studio apartments to three-bedroom and two-bath residences. The complex also features extra amenities, including a fitness center, onsite parking and a sundeck.

Sami Dinar and Michael Balson of Keller Williams Commercial represented both the buyer and seller, Redwood Residential Investments LLP, in the transaction. “Lanshire House is a meticulously clean and authentically attractive asset in a class-A location where class-A buildings are not readily available,” says Dinar.

The property is Palm Heights' third multifamily acquisition in Los Angeles. The firm has plans underway to add a clubroom and a rooftop lounge, complete with a BBQ area and cabanas. In addition, it has plans to upgrade to the existing fitness center and install wifi and keyless entry systems throughout the complex.