As the multifamily market across Southern California continues to show signs of relative year-over-year strength, investors keep looking for opportunities to own a piece of the sizable opportunity. A 90-unit multifamily residential building in Santa Monica called the San Vicente Tower recently sold for $39,669,500 or $440,772 per unit, according to a Kidder Mathews 4Q22 Market Trends Los Angeles Multifamily report. The property, located at 220 San Vicente Boulevard, is in the heart of the city’s sought-after North of Montana neighborhood. The property was purchased by 220 San Vicente Holdings LLC, a Beverly Hills, Calif.-based entity located at 345 N Maple Dr., according to public documents. The seller was an entity associated with Deutsche Asset Management, which owned the asset since June of 2015, when it purchased the property for $45.8 million.