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Palm Heights LLC Takes Lanshire House

LOS ANGELES-Lanshire House, a multifamily community in West Los Angeles, goes to Palm Heights LLC for nearly $9 million.

By Kelsi Maree Borland | Updated on September 16, 2013

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.

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