Madison Realty Capital has unloaded an apartment tower west of Miracle Mile. The New York-based firm sold the 112-unit Ayan on Wilshire building at 6401 Wilshire Boulevard to an undisclosed buyer, L.A. Business First reported. The sale price for the Beverly Grove property was also not disclosed. The lot last sold in 2019 for $38 million, according to Los Angeles County Office of the Assessor records cited by L.A. Business First. The property was valued at $112.8 million in 2024. Ayan on Wilshire completed construction and opened to residents in 2024. The co-living building rises 18 stories above Wilshire Boulevard […]
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