Kipling Residential Hotel

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An apartment building that began life as a hospitality property in 1924.

It came under new ownership in 2012, when Evergreen Investment Group L.L.C. sold the property to Omninet Kipling L.P., a local investment partnership, for $9.1 million. That equals to about $67,400 for each of the complex’s 135 units, which include 134 studio apartments and a single one-bedroom unit. A restaurant is located at street level.

The transaction was arranged by Brent Sprenkle, an associate partner in the West Los Angeles office of Hendricks & Partners Inc.

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Built in 1926, Gothic Revival architectural details were incorporated by architect S. Charles Lee, who is recognized as one of the most prolific and distinguished motion picture theater designers on the West Coast. The grand lobby features wood carved ceilings, painted frescoes, stained glass and gargoyles. Property Managed By Pacific Crest Realty.

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Reportedly owned by Donald Sterling. 67-unit apartment building

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