The prestigious Alaya Hollywood apartment complex at 1714 N. McCadden Place in Los Angeles has been sold to the Lighthouse Group in August 2025, marking a significant transaction in Hollywood’s competitive real estate market.
The building is a substantial multi-family residential complex that features 218 units spanning 247,587 square feet. The development offers a mix of studios, one-bedroom, and two-bedroom apartments designed for the modern Hollywood lifestyle.
The Pacific Palisades-based Lighthouse Group acquired the Alaya Hollywood property for $73.9 million, representing $338,991 per unit, from an entity connected to New York Life Real Estate Investors. The transaction marks a significant 27 percent discount from the property’s previous sale price. The property enjoys an appealing location in the heart of Hollywood.
The development offers studios, 1, & 2 bedroom apartments that feature gourmet kitchens with ivory quartz countertops, oval soaking tubs, private terraces, and much more. The acquisition price of $73.9 million represents a significant value opportunity in the Hollywood market. At $338,991 per unit, the transaction reflects current market conditions that have created buying opportunities for experienced investors. The 27 percent discount from the previous sale price demonstrates how commercial real estate values have adjusted from their previous peaks.
This price reduction aligns with broader trends in the Los Angeles multifamily market, where investors are finding opportunities to acquire well-positioned properties at more attractive valuations. The discount represents broader market dynamics and changing investment parameters in the post-pandemic real estate environment.
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