CBRE Arranges Sale of Ayan on Wilshire in Los Angeles

CBRE announced today that it has arranged the off-market sale of Ayan on Wilshire, a newly constructed, purpose-built luxury co-living community located at 6401 Wilshire Boulevard in Los Angeles, Calif.

CBRE’s Derrek Ostrzyzek, Rachel Parsons, Kenji Thomas and Mike Murphy represented the seller, Madison Realty Capital, in a pre-stabilized transaction that 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.

Completed in 2024, Ayan on Wilshire is an 18-story, 112-unit, high-rise comprising 325 fully furnished residences. The asset is a purpose-built co-living development designed to meet evolving urban housing demand through a differentiated model that blends high-design private living with curated shared spaces. The property offers studios, junior one-bedroom residences, and shared suites, all supported by smart-home technology, premium finishes, and durable, institutional-grade construction.

The community features a comprehensive, hospitality-inspired amenity program, including a rooftop sky deck with pool and jacuzzi, chef-driven community kitchens with professional-grade BBQ stations, a state-of-the-art fitness center, sauna and steam rooms, concierge services, resident lounges, and a fully tech enabled conference facility.

“This transaction represents a major milestone not only for Los Angeles and the U.S., but for the global institutional acceptance of high-quality co-living as a durable housing category,” said Ostrzyzek, executive vice president at CBRE. “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.”

Samir Tejpaul, Managing Director and Head of Capital Markets at Madison Realty Capital, added, “This sale reflects the quality of the asset and the strength of our partnership with CBRE. Their deep knowledge of the Los Angeles market and credibility with institutional investors were essential to executing a transaction of this scale and complexity.”

Located in the Mid-Wilshire corridor, Ayan on Wilshire benefits from proximity to major employment centers, cultural institutions, transit connectivity, and retail amenities. Its central location and modern design position the property at the intersection of affordability, lifestyle flexibility, and urban density.