A 28-unit Santa Monica rent control building -- where some rents exceed $12,000 a month -- sold last month for $32.6 million, according to County records.

The rents, however, are far below those at Champagne Towers, another rent control building down the street.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2021/March-2021/03_30_2021_Santa_Monica_Rent_Control_Building_Sells_for_More_Than_30_Million.html