Just how rare is the sale these days of coveted and expensive large apartment properties in the affluent beach city of Santa Monica, California? A Vancouver, British Columbia, investor bought the 174-unit Pico Lanai Apartments in just the second sale in five years of a large apartment complex in the popular area.
Just How Rare Is a Sale of a Coveted Large Apartment Complex in This Wealthy Beach City?
Investor Pays $58.5 Million in Latest of Only Two Big Rental Property Deals Since 2014
CoStar News
December 3, 2019 | 6:48 P.M.
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IN THIS ARTICLE
- Properties
- Santa Monica Palms
2501 Pico Blvd, Santa Monica, CA