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MDNI Group acquires Santa Monica apartments
PRIVATEAug 03, 2026•6 days ago
Acquiring Company
MDNI Group
Acquired Company
Coastline Real Estate Investments
Los AngelesUnited StatesReal EstateReal Estate InvestmentReal EstateReal Estate Investment
Description
MDNI Group has completed the acquisition of a 28-unit coastal multifamily property located at 901 Ocean Ave., Santa Monica, for $23.5 million. The purchase was part of a court-supervised receivership, with CBRE representing the receiver. The deal also included assuming approximately $2.4 million in transaction-related obligations.
Company Information
Company
MDNI Group
Location
Los Angeles, California, United States
About
MDNI Group is a real estate investment firm focused on acquiring and managing multifamily properties. The firm specializes in identifying undervalued assets with significant upside potential. Founded in Sherman Oaks, it has developed a reputation for its strategic acquisitions.
Los Angeles