Stephen Melnyk Sells Multifamily Asset In Los Angeles For $5.925M With Broker Paul Darrow

This multifamily asset, located at 2533 Ocean View Avenue & 5503 Romaine Street in the Los Angeles market, was sold for a total transaction price of $5,925,000. The property comprises 54 units and spans a total area of 31,514 square feet, resulting in a per unit price of $109,722 and a price per square foot of $188.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,925,000
• Units: 54
• Total Square Footage: 31,514
• Price Per Unit: $109,722
• Price Per Square Foot: $188
• Seller: Stephen Melnyk
• Broker: Paul Darrow - Walker & Dunlop
• Date of Sale: 5/12/2025

The transaction was represented by Paul Darrow of Walker & Dunlop, acting on behalf of the seller, Stephen Melnyk, facilitating the deal in this competitive market environment.