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NY Investor Buys Malibu Apt. Complex for $7M

Group Sells 5-Unit Oceanfront Multifamily at 22816 PCH
By Peggy Standley
September 28, 2007 | 1:55 P.M.

New York-based Ofmay Realty LLC purchased a five-unit, 3,960-square-foot apartment building at 22816 Pacific Coast Highway in Malibu from Malibu Holdings LP for $7 million or $1.4 million per unit.

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