CBRE Arranges Approximately $26M Sale of Ocean Avenue Multifamily Property in Santa Monica

CBRE Completes Receivership Sale of Santa Monica Apartments

CBRE arranged the sale of 901 Ocean Ave., a 28‑unit coastal multifamily investment property located along Santa Monica’s Ocean Avenue corridor. The property sold for $23.46 million to a private local investor, with the buyer also assuming approximately $2.4 million in transaction-related obligations, bringing the total consideration to approximately $26 million. The sale was completed through a court‑supervised receivership overseen by the Super…

CBRE Arranges Approximately $26M Sale of Ocean Avenue Multifamily Property in Santa Monica

CBRE has arranged the sale of 901 Ocean Avenue, a 28‑unit coastal multifamily investment property located along Santa Monica’s Ocean Avenue corridor. The property sold for $23.46 million, with the buyer assuming approximately $2.4 million in transaction-related obligations, bringing the total consideration to approximately $26 million, to a private local investor in an all-cash transaction. […] The post CBRE Arranges Approximately $26M Sale of O…

CBRE Arranges $25.9M Sale of Ocean Avenue Multifamily Property in Santa Monica, California

SANTA MONICA, CALIF. — CBRE has negotiated the $25.9 million sale of a multifamily property along Santa Monica’s Ocean Avenue corridor. The property at 901 Ocean Ave. sold for $23.5 million, with the buyer assuming approximately $2.4 million in transaction-related obligations. A local private investor acquired the asset in an all-cash transaction. The sale was completed through a court-supervised receivership overseen by the Superior Court of Ca…