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

Property Image
SOLD
$12,150,000

California

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MultiFamily52,032 SF
Sold 05/29/2025
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Property Image
SOLD

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

322 Avenue 52, 121 Avenue 50 & 4946 Echo Street

See Similar Deals
MultiFamily52,032 SF
Sold 05/29/2025
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$233
Total Square Footage:52,032 SF
Transaction Type:Sale

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.

Players

Paul Darrow
16 deals$216.2M volume
BROKER

Walker & Dunlop
BROKERAGE

Details

SOLD
IMAGE: Paul Darrow DATE: 5/30/2025 ADDRESS: 322 Avenue 52, 121 Avenue 50 & 4946 Echo Street MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Eric Chime SELLER: Stephen Melnyk BROKER: Paul Darrow (@I.Am.Paul.D) - Walker & Dunlop (@WalkerDunlop) SALE PRICE: $12,150,000 UNITS: 113 PPU: $107,522 SF: 61,894 PPSF:$196.30

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