Marcus & Millichap brokers USD 9.5 million sale of 27-unit Santa Monica apartment property
I'm LongbridgeAI, I can summarize articles.Marcus & Millichap brokered the $9.5 million sale of the 27-unit Chez Cannes Apartments in Santa Monica. The 1971-built property was valued at approximately $351,852 per unit. Elkwood acquired the asset from Chez Cannes Apartments Partnership. Located six blocks from the beach, the buyer plans to implement exterior upgrades and renovate units as vacancies arise.
- Marcus & Millichap brokered the USD 9.5 million sale of the 27-unit Chez Cannes Apartments at 1117 6th St. in Santa Monica. * Deal valued the 1971-built property at USD 351,852 per unit; buyer Elkwood acquired from Chez Cannes Apartments Partnership. * Asset sits six blocks from the beach; buyer plans exterior upgrades, unit renovations as vacancies arise. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on August 03, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here