MDNI GROUP (Location: 12925 Riverside Drive, Suite 302, Sherman Oaks, CA / Managing Partner: David Hirsch, Naohiro Nishida), a real estate development company based in Los Angeles, California, USA, has launched a value-add acquisition project for "Ocean Santa Monica Apartments" (901 Ocean Avenue, Santa Monica, CA 90403), a residence located in one of Santa Monica's most exclusive areas along Ocean Avenue. The project aims to maximize the property's profitability and asset value through the early occupancy of vacant units and large-scale renovations. ■ A Rare Location on Ocean Avenue Cliffside, Unparalleled in Santa Monica The property is located at 901 Ocean Avenue, between Montana Avenue and Wilshire Boulevard. It boasts a unique location in Santa Monica, perched on a cliff overlooking the Pacific Ocean and directly across from the beach. Nearly all units offer panoramic views of the Pacific Ocean and the Santa Monica Mountains, with all west-facing rooms providing unobstructed ocean views, and many units offering direct views of the water. This property, comprising a double lot of approximately 15,011 square feet with a building area of approximately 30,954 square feet, offers a coastal location that is becoming increasingly difficult to replicate under current regulations and development restrictions. The Pacific Ocean, Palisades Park, and the commercial area of Montana Avenue are all within walking distance. Its proximity to the Pacific Coast Highway and the 10 and 405 freeways, along with being approximately 8 miles from LAX, provides excellent access to major Westside hubs. ■ Property Overview - 28 Renovated Residential Units The property is a 3-story apartment building constructed in 1961, with major renovations completed in 2015 and between 2021-2022. The 28 units consist of 18 one-bedroom, one-bathroom units and 10 two-bedroom, two-bathroom units. It also includes 33 gated garage parking spaces with EV charging stations. Common areas feature a rooftop ocean