# West Hollywood Assets Sell for $30 Million

> Benedict Canyon Equities buys two West Hollywood properties for $30 million.
- Title: West Hollywood Assets Sell for $30 Million | Shortify
- Summary: Benedict Canyon Equities buys two West Hollywood properties for $30 million. Benedict Canyon Equities purchased two West Hollywood properties at 884 and 939…
- Keywords: west hollywood, benedict canyon equities, palm ave, real estate, multifamily properties, co star group, Los Angeles Business Journal
- Source: Los Angeles Business Journal — https://labusinessjournal.com/real-estate/west-hollywood-assets-sell-for-30-million
- Author: Hannah Welk
- Published: 2026-11-09T08:01:20+00:00
- Read time: 1 min
- Topics: west hollywood, benedict canyon equities, palm ave, real estate, multifamily properties, co star group, business, local
## West Hollywood Assets Sell for $30 Million
Two multifamily properties in West Hollywood recently sold for nearly $30 million. Together, the properties have 72 units.
## Benedict Canyon Equities Purchases Properties
Benedict Canyon Equities, a Century City-based multifamily investment firm, purchased the properties at 884 and 939 Palm Ave.
## Brokerage Represents Seller and Buyer
Calabasas-based brokerage Marcus & Millichap’s Tony Azzi and Rabbie Banafsheha of The Azzi Group represented the seller, a private family investor. Azzi, Banafsheha, Arteen Zahiri and Ian Habbestad of The Azzi Group represented the buyer.
## Market Conditions and Property Details
The buildings are located near the Sunset Strip, Santa Monica Boulevard and the Pacific Design Center.Built in 1990, 939 Palm Ave.is a four-story building with 42 units.Meanwhile, 884 Palm Ave.
## Investment Opportunity Statement
‘Compelling value-add opportunity’ Banafsheha added that the properties had a lot of long-term upside.The properties are generational-quality assets that require significant renovation, creating a compelling value-add opportunity for a proven operator like Benedict Canyon Equities.

> ‘Compelling value-add opportunity’
## Key takeaway

Benedict Canyon Equities purchased two West Hollywood properties at 884 and 939 Palm Ave. for $30 million, creating a rare opportunity in a constrained market.