Luxury Co-Living Trades in LA’s Mid-Wilshire Corridor

CBRE arranged the off-market sale of Ayan on Wilshire, a newly constructed, purpose-built luxury co-living community located at 6401 Wilshire Blvd. in Los Angeles. Although deal terms were not disclosed, L.A. Business First reported that the property was valued at $112.8 million in 2024.

A CBRE team of Derrek Ostrzyzek, Rachel Parsons, Kenji Thomas and Mike Murphy represented the seller, Madison Realty Capital, in a pre-stabilized transaction that the company said represents one of the most significant co‑living sales not only in Los Angeles and the U.S., but also globally for its institutional relevance.

“With very few true comparable transactions worldwide, the sale of Ayan on Wilshire demonstrates that well-executed, well-located co-living assets can attract sophisticated, long-term capital and scale across global gateway markets,” said Ostrzyzek.

Completed in 2024 and located in the Mid-Wilshire corridor, Ayan on Wilshire is an 18-story, 112-unit, high-rise comprising 325 fully furnished residences. It benefits from proximity to major employment centers, cultural institutions, transit connectivity and retail amenities, according to CBRE.