A private partnership formed by Harrison Yale Hurst and Richard Rosin of H&R Investments has acquired LC by CLG, an 84-unit luxury multifamily community in the Larchmont Village neighborhood of Los Angeles. CBRE’s Dean Zander and Stewart Weston represented the seller, California Landmark Group in the $46.5 million transaction.

“LC by CLG is a true trophy asset and poised to be a market leader in the submarket for years to come,” said Zander. “The investor plans to perform some cosmetic upgrades to the original interiors and common areas to ensure the property remains among the area’s leading residential communities.”

Adjacent to historic Paramount Studios, the boutique community offers residences with a condo-quality feel, featuring expansive floor plans, large windows, stainless-steel appliances, air-conditioning and exposed ceilings. The complex also includes a rooftop deck with a pool, BBQ’s, firepits, seating areas and views of the Hollywood hills.