An apartment building on Ocean Avenue in Santa Monica is newly on the market but it isn’t your typical listing. It’s on behalf of a court-ordered receiver, according to CBRE marketing materials. The ask for the 28-unit apartment building is $27.5 million, meaning each apartment would go for about $1 million. The property at 901 Ocean Avenue — which has ocean views, a pool and rooftop deck and is surrounded by palm trees — had an about $33 million price tag five years ago, according to reports at the time. But that was before its owners lost control to a […]
This article originally appeared on The Real Deal. Click here to read the full story.
