A refurbished 38-unit apartment building that was the subject of a bitter battle to keep affordable housing in Santa Monica has sold for $70 million, the selling agent announced Monday.

Built in 1952, the former rent control building at 301 Ocean Avenue was sold by the Malibu-based Marquis Property Company, Ltd. to an Asian private investor, according to CBRE, which represented the seller.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2021/October-2021/10_04_2021_Refurbished_1950s_Santa_Monica_Apartment_Complex_Sells_for_70_Million.html