Kidder Mathews has arranged the sale of a three-property co-living multifamily portfolio located in the Mar Vista neighborhood of West Los Angeles:
- 4339 Berryman Avenue – 156 beds | 28 suites | 82,000 square feet
- 4367 Berryman Avenue – 126 beds | 21 suites | 62,000 square feet
- Solaire Venice, 12518 Venice Boulevard – 112 beds | 19 suites | 57,000 square feet
Kidder Mathews First Vice President George Crawford, Senior Vice President Christopher Giordano, and Vice President Phil Taggart represented the seller, Six Peak Capital, a New York-based real estate development and investment firm focused on innovative urban housing solutions.
Co-living represents a new generation of purpose-built, design-forward communities that provide a market-based solution to housing affordability for the missing middle class. Each building is composed of individual suites within a shared unit—a modern reimagining of the traditional apartment unit. Ranging from one to six suites per unit, each suite contains multiple private bedrooms organized around shared kitchens, living rooms, and dining areas. This design offers the privacy of independent living with the convenience, community, and affordability.
“Our goal with these developments was to expand attainable housing options in Los Angeles without compromising on quality,” said Chris Aiello, Founding Partner of Six Peak Capital.
“These are beautifully designed spaces that balance privacy and connection—private rooms within shared suites that make efficient use of space while maintaining a high standard of design and livability. It’s a model that offers renters more flexibility in a market where traditional apartments are increasingly out of reach,” added Bob Kennedy, Founding Partner of Six Peak Capital.
“This portfolio represents one of the first purpose-built co-living developments in Los Angeles designed at scale to address housing affordability through a market-based approach,” said Crawford. “In a city where renters makeup roughly two-thirds of the housing market, these properties deliver attainable options for young professionals and students while offering investors an asset that’s both sustainable and in constant demand.”
At 4339 Berryman Avenue, 28 suites offer a mix of three-, five-, and six-bedroom configurations, totaling 156 bedrooms. Each suite features private bedrooms with ensuite or semi-private baths, along with shared kitchens and living areas that foster a sense of community. The property includes a two-story, 2,500-square-foot community room with an exterior deck, multiple common areas, and convenient access to public transportation. It also offers 55 on-site parking spaces, including six EV charging stations.
Next door, 4367 Berryman Avenue comprises 21 six-bedroom suites with 126 bedrooms and a one-to-one bath-to-bed ratio. Residents enjoy recreation and open space areas, multiple common lounges, and close proximity to public transit for easy commuting to nearby colleges and employers. The property includes 48 parking stalls with five EV charging stations.
At Solaire Venice, a 57,000-square-foot property at 12518 Venice Boulevard, the model adapts to a mixed-use setting with 19 suites and 112 bedrooms. Each shared suite is fully furnished and includes private bedrooms with ensuite baths, modern communal kitchens, and high-end finishes. Residents enjoy a fitness and wellness center with skyline views, podcast rooms, a game room, a TV and movie lounge, and multiple outdoor social areas.
As stated on the property’s website, the co-living rate for a private bedroom at Solaire averages approximately $1,659 per month—nearly 50% less than the local one-bedroom apartment average of $3,250. The rate also includes furniture, Wi-Fi, utilities, cleaning service, and household supplies, further enhancing affordability and convenience.
Together, these properties demonstrate how co-living has evolved in Los Angeles as newly constructed, purpose-built environments designed for how Angelenos live and work today. Each building operates as a cohesive community—an attainable, market-driven housing solution for students and professionals on the go in one of the city’s most desirable submarkets.
About Kidder Mathews
Kidder Mathews is the largest fully independent commercial real estate firm in the Western U.S., with over 900 professionals in 19 offices across Washington, Oregon, California, Nevada, and Arizona. We offer a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. Kidder Mathews averages $9 billion in transaction volume, manages more than 53 million square feet of space, and conducts 2,400 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
