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Sunday, Jun 16, 2024
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Ocean Beach Apartments Sell for $7.5 Million

An entity recorded as VKS 4th Avenue LLC, with Bob Smith as managing member, recently acquired the 22-unit Playa Apartments in Ocean Beach for $7.5 million, according to brokerage company ACRE Investment Real Estate Services.

The seller of the property, at 5041 Santa Monica Ave., was 5041 Santa Monica Avenue LLC. The buyer was represented by ACRE’s Bill Anderson, and the seller was represented by Raymond Choi of Marcus & Millichap Inc.

The property was built in 1957 and completely renovated in 2014.

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