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**Luxury Co-Living Property Changes Hands in Los Angeles’ Mid-Wilshire Corridor**
CBRE has arranged the off-market sale of Ayan on Wilshire, a newly developed luxury co-living community located at 6401 Wilshire Boulevard in Los Angeles. While financial terms were not disclosed, the transaction is recognized as one of the most notable co-living sales both in the U.S. and internationally.
The CBRE team, consisting of Derrek Ostrzyzek, Rachel Parsons, Kenji Thomas, and Mike Murphy, represented the seller, Madison Realty Capital. The deal was completed as a pre-stabilized transaction and is considered institutionally significant in the co-living sector.
“With very few true comparable transactions worldwide, the sale of Ayan on Wilshire demonstrates that well-executed, well-located co-living assets can attract sophisticated, long-term capital and scale across global gateway markets,” said Ostrzyzek.
Completed in 2024, Ayan on Wilshire is an 18-story high-rise offering 112 units and a total of 325 fully furnished residences. Situated in the Mid-Wilshire corridor, the property benefits from its close proximity to major employment hubs, cultural institutions, public transit access, and retail amenities.
The sale marks a milestone in the evolving landscape of residential real estate and signals growing confidence in the co-living model as a scalable and investment-worthy asset class.
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