The Versailles Apartments, a five-story, 78-unit midrise at 8811 Burton Way, just changed hands for $47 million, putting a fresh spotlight on one of the Westside’s more recognizable rental trophies. Wedged between West Hollywood and Beverly Hills, the property leans into its “Versailles” name with a full package of amenities, including a rooftop pool, fitness center, and underground parking that help it stand out on Burton Way.
Marcus & Millichap handled the transaction, with Tony Azzi and Rabbie Banafsheha of the Azzi Group representing the seller and also lining up the buyer, according to the firm’s announcement. Azzi said the building, which hit the open market for the first time in roughly 40 years, drew heavy interest from both institutional and private investors. Banafsheha described the site as “virtually impossible to replicate or assemble today.” The sale and broker commentary were laid out in a press release via Yield PRO.
Property and location
Versailles is listed at 8811 Burton Way in the Mid City West neighborhood, where its profile highlights a rooftop pool and deck, fitness center, hardwood floors, and in select apartments, in-unit washers and dryers. Zillow also notes controlled access and an attached garage, and places the midrise a short walk from nearby retail corridors, cultural spots, and major medical centers that help keep renter demand high in the immediate area.
Deal details
On a per-door basis, the $47 million price comes out to about $602,564 for each of the 78 units. The buyer’s identity was not revealed in the announcement. The release also points to two levels of subterranean parking and laundry rooms on every floor, amenities that brokers said helped fuel the multiple offers that came in during a competitive marketing run, according to the announcement via Yield PRO.
What It Means For The Market
The deal underscores that investors are still willing to pay up for Westside “trophy” multifamily assets, especially on full-block sites where new transit options and large development parcels are tough to find. Marcus & Millichap’s own corporate filings show the brokerage closed 8,818 transactions totaling about $50.8 billion in sales volume in 2025, a reminder of how much capital is circling properties like Versailles, according to Marcus & Millichap.
For now, no renovation plans or management changes have been disclosed at closing, so neighbors and renters will have to wait for building permits or ownership records to surface before they get a clearer read on the new owner’s playbook. Any official updates tied to the transition are expected to show up through standard public notices as the change in ownership moves forward.
