Benedict Canyon Equities is adding to its Los Angeles-area holdings with the acquisition of two West Hollywood apartment buildings. The Century City-based multifamily owner bought the Cosmopolitan and Le Elle properties, located across the street from each other at 884 and 939 Palm Avenue, for a combined total of $29.9 million, L.A. Business First reported. The per-unit price for the total 72 units works out to $414,583 for each residence. Marcus & Millichap’s Rabbie Banafsheha and Tony Azzi represented the seller, an unnamed private family investor. The seller is moving from California to Texas and is selling its California properties […]
This article originally appeared on The Real Deal. Click here to read the full story.
