CIM Group is staking a bigger claim in West Hollywood, scooping up the 166-unit Domain WeHo at 7141 Santa Monica Boulevard, the company announced on Friday, July 17. The seven-story mixed-use complex, which opened in 2017, stacks studio, one-bedroom and two-bedroom apartments over ground-floor retail and rooftop amenity spaces. The deal drops another heavyweight institutional landlord onto an already busy stretch of Santa Monica Boulevard west of La Brea.
The deal
According to L.A. Business First, CIM Group is the buyer of the Domain WeHo complex, with a separate release from Citybiz noting that the acquisition was made in partnership with Tokyo-based Hulic Co., Ltd. Both outlets reported that the financial terms were not disclosed. The purchase is being framed as an expansion of CIM's Southern California multifamily holdings, signaling the firm is not shy about doubling down on high-profile rental real estate.
What’s in the building
The property at 7141 Santa Monica Blvd. includes 166 residential units and about 9,185 square feet of ground-floor retail, with residents getting access to a pool, fitness center and outdoor kitchen, per the Domain WeHo website. City of West Hollywood planning records indicate that 33 of the apartments are income-restricted under the project's original approvals and confirm the development was completed in 2017. The building features a mix of studio, one-bedroom and two-bedroom layouts, plus several penthouse units marketed with upgraded finishes.
Price and ownership history
Public records show the complex last traded for roughly $103 million in 2019, when DWS Group acquired it from Barings, according to The Real Deal. Trammell Crow Residential developed the project and wrapped construction in 2017. With CIM now in the ownership seat, local landlords, brokers and market watchers will be eyeing upcoming public filings or lender disclosures to see where the new sale price landed and whether any operational shakeups are on the way.
Why it matters
The acquisition highlights steady institutional appetite for well-located, infill apartment buildings in high-demand Los Angeles neighborhoods where new housing supply is limited. The 33 income-restricted units represent a meaningful slice of West Hollywood's affordable housing inventory and will continue to factor into the city's long-term planning math. For current tenants and nearby storefronts, a fresh landlord can translate into changes in leasing strategy, property management style and the retail lineup along Santa Monica Boulevard, all of which West Hollywood residents tend to notice pretty quickly.
