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Marquis Property Co. Sells Santa Monica Apartments

Investor Buys 38-Unit Property for $70 Million
The apartments were built in 1952 on 1 acre in the north of Montana multifamily market of Los Angeles County. (CoStar)
The apartments were built in 1952 on 1 acre in the north of Montana multifamily market of Los Angeles County. (CoStar)
By Chris Bundy
CoStar Research
October 20, 2021 | 5:36 P.M.

A private investor acquired the 38-unit 301 Ocean apartments at 301 Ocean Ave. in Santa Monica, California, for $70 million, or more than $1.84 million per unit, from Marquis Property Co.

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