Colliers Arranges $30 Million Sale Of 72-Unit Maya Apartments In Los Angeles To Private Investor

The property involved in the transaction is the Maya Apartments, a multifamily asset located at 535-547 South Kingsley Drive in the Los Angeles market. The sale price for the 72 units amounted to $30,000,000, translating to a price per unit of $416,667. The total square footage of the asset is 69,951, resulting in a price per square foot of $429.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,000,000
• Units: 72
• Price Per Unit: $416,667
• Square Footage: 69,951
• Price Per Square Foot: $429

The transaction was facilitated by brokers Anna Kampling, Kitty Wallace, and Melanie Nutting from Colliers. The deal was notably arranged for a private investor and is recognized as the third-highest price for new construction within the Koreatown submarket over the last three years, as marketed by Kitty Wallace and her team.