Colliers arranged the sale of the 72-unit Maya Apartments in Los Angeles’ Koreatown neighborhood. Senior EVP Kitty Wallace, senior associate Anna Kampling and associate Melanie Nutting marketed the property for an institution and sold it to a private investor. The sale price was $30 million, which, according to CoStar, is the third-highest price in the submarket for new construction in the past three years.  

​​”This sale perfectly exemplifies the type of deals we’re getting done in today’s market,” said Wallace. “The buyer is getting a high-quality product at a low basis in a market with currently suppressed rents from temporary oversupply due to the aftermath of COVID restrictions. He will benefit from increased cash flow and long-term appreciation with the high barriers to entry and elevated housing demand in the market.”​ 

​​Located at 535-547 S, Kingsley Dr., the 69,951-square-foot property is a Class A, type 3 concrete building with floor-to-ceiling windows. All 72 units offer deluxe interior design, including white quartz countertops, stainless steel appliances, 13-foot ceilings, built-in Hunter Douglas roller shades, built-in designer closets, Nest thermostats and in-unit washers and dryers.​