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Wednesday, Feb 8, 2023

Notable Family-Owned Businesses in Los Angeles: Goldrich Kest

Goldrich Kest is a privately owned, family-run real estate company, founded in 1957 by two entrepreneurs and holocaust survivors, Jona Goldrich and Sol Kest.

Goldrich & Kest Inc. was a recognized innovator in developing Southern California condominiums in the 1960s. By 1968, the company was a pioneer developer in Marina Del Rey where they built one of the first luxury apartment complexes in the marina, which was previously considered swampland.

Throughout the 1970s and 1980s, Goldrich & Kest Inc. continued adding government assisted housing to their portfolio, and rapidly became one of California’s largest developers of government assisted apartments. In the 1980s, the company expanded outside California, entering the for-sale, commercial, retail and industrial markets throughout the United States.

In 2016, Goldrich & Kest Inc. formally changed its name to Goldrich Kest. Today, the family business manages over 200 properties nationwide; including residential, commercial, industrial and retail projects. The company’s portfolio consists of 120 apartment buildings with 13,188 units, 5 marinas, 24 senior living facilities and more than 11 million square feet of non-residential space.

Goldrich Kest knows the importance of giving back. The company provides support to various charitable organizations such as the Red Cross for natural disaster relief, the Union Station Homeless Services and the Harmony Project which provides comprehensive, tuition-free music education and social support to youth across Los Angeles and Southern California.

Goldrich Kest is actively involved with the Culver City Chamber of Commerce and the Marina Del Rey Lessees Association. The company is a member of the National Apartment Association as well as the Apartment Association of Greater Los Angeles, and continues to support the Los Angeles Museum of the Holocaust, which was founded by Jona Goldrich.

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