The Santa Monica property was among three small complexes thatsold recently, including two in Long Beach. In the first Long Beachdeal, a private individual paid $1.4 million for a 13-unit complexat 47 Lime St., with Todd Vitzthum of Sperry Van Ness in Long Beachrepresenting the seller, a Newport Beach-based private investor.Lori Quiett of Main Street Realtors represented the buyer. Theproperty was built in 1926 and is located in what Vitzthumdescribes as a rapidly changing area of the South Bay. The 13 unitsinclude seven studio, five one-bedroom, one-bathroom units and onetwo-bedroom, two-bathroom unit with rents ranging from $625 to$1,050.

In the other transaction, a private individual bought a 12-unitcomplex at 433 West 4th St. for nearly $1.3 million, with Vitzthumrepresenting the seller, a Long Beach-based private investor. MikeLembeck of Century 21 represented the buyer, a Newport Beach-basedprivate investor. The property was built in 1929 and is athree-building complex of 10 one-bedroom, one-bathroom units andtwo two-bedroom, two-bath units with rents ranging from $650 to$1,050.