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Home Finance Private Investor Group Lands Chelsea Apartments in Santa Monica for $33.1MM, Secures 10-Year Fixed Debt
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Private Investor Group Lands Chelsea Apartments in Santa Monica for $33.1MM, Secures 10-Year Fixed Debt

April 30, 20263 Mins read548
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A 53-unit coastal trophy two blocks from the Pacific trades at roughly $625,000 per door as a Venice-based sponsor doubles down on supply-constrained Westside multifamily. A private investor group from Venice has closed on Chelsea Apartments, a 53-unit mid-rise multifamily property at 1318 2nd Street in Santa Monica's Ocean Avenue corridor, paying $33.1 million in […]

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