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Developers Pay $7MM for Santa Monica Property for 102-Unit Luxury Multifamily Project

May 14, 20251 Mins read589
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Santa Monica by Matthew LeJune
Courtesy of Matthew LeJune on Unsplash
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In a notable real estate transaction highlighting the continued transformation of commercial properties into residential developments, investors have acquired a Santa Monica office building for $7 million with plans to convert it into a 102-unit luxury multifamily development. The property, located at 3205 Ocean Park Boulevard in Santa Monica, was purchased after nearly a year […]

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