Eric Chime Acquires Multifamily Property From Stephen Melnyk For $12.15M In Los Angeles

This multifamily asset, located at 322 Avenue 52, 121 Avenue 50 & 4946 Echo Street in Los Angeles, was sold for $12,150,000. The property consists of 113 units, providing a price per unit of $107,522. The total square footage is 61,894, with a price per square foot of $196.30.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,150,000
• Buyer: Eric Chime
• Seller: Stephen Melnyk
• Broker: Paul Darrow - Walker & Dunlop
• Units: 113
• Price Per Unit: $107,522
• Square Footage: 61,894
• Price Per Square Foot: $196.30

Paul Darrow from Walker & Dunlop represented the seller, Stephen Melnyk, in this transaction, facilitating the process between the involved parties. The transaction was completed on 5/30/2025.