Luxe Santa Monica building on Ocean Avenue listed, asking almost $1M per apartment

An apartment building on Ocean Avenue in Santa Monica is newly on the market but it isn’t your typical listing.  It’s on behalf of a court-ordered receiver, according to CBRE marketing materials. The ask for the 28-unit apartment building is $27.5 million, meaning each apartment would go for about $1 million.  The property at 901 Ocean Avenue — which has ocean views, a pool and rooftop deck and is surrounded by palm trees —  had an about $33 million price tag five years ago, according to reports at the time. But that was before its owners lost control to a […]This article originally appeared on The Real Deal. Click here to read the full story.