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Santa Monica Apartment Property, Once Home to Britney Spears and Larry David, May Have Set Price Record

Douglas Emmett, as Part of Venture, Pays About $2.75 Million Per Unit for Greater LA Property
The 16-story 1221 Ocean Avenue, with rooftop pool, in Santa Monica, California, sold for a record price of $330 million in April to a joint venture. (Paul Winner/CoStar)
The 16-story 1221 Ocean Avenue, with rooftop pool, in Santa Monica, California, sold for a record price of $330 million in April to a joint venture. (Paul Winner/CoStar)

An upscale Santa Monica apartment property, complete with Pacific Ocean views and a history of celebrity residents, sold for one of the highest prices ever paid in greater Los Angeles in one of the nation's most expensive places to live.

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