Marcus & Millichap brokers USD 9.5 million sale of 27-unit Santa Monica apartment property - MMI News | RalliesMarcus & Millichap brokers USD 9.5 million sale of 27-unit Santa Monica apartment property
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MMI• Sale of Chez Cannes Apartments in Santa Monica
- Marcus & Millichap brokered the USD 9.5 million sale of the 27-unit Chez Cannes Apartments at 1117 6th St. in Santa Monica.
- The deal valued the 1971-built property at USD 351,852 per unit; buyer Elkwood acquired the property from Chez Cannes Apartments Partnership.
- The asset sits six blocks from the beach, and the buyer plans exterior upgrades and unit renovations as vacancies arise.
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