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California Investor Buys Apartments Near Pacific Ocean in LA County’s Second-Biggest City

MWest Holdings Spends Nearly $50 Million on 94-Unit Property
The 442 Residences at 442 W. Ocean Blvd. in Long Beach, California, was sold for $48.5 million in another sign of the demand for residential property in housing-constrained Los Angeles County. (CoStar)
The 442 Residences at 442 W. Ocean Blvd. in Long Beach, California, was sold for $48.5 million in another sign of the demand for residential property in housing-constrained Los Angeles County. (CoStar)
CoStar News
February 24, 2022 | 9:57 P.M.

An apartment complex in Long Beach, the second-biggest city in Los Angeles County, was sold at a price above the market average as demand rises for multifamily property in the beachside community now bubbling with construction.

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