SDG Housing Partners Acquires San Pedro Residential Complex For $62.9M
1301 West Park Western Drive, San Pedro, CA 90732, USA
$62,900,000
$328/SF
Building Size
191,424 SF
Asset Type
Co-Op
Closing
Apr 10, 2019
AI
The Residential Complex located at 1301 W Park Western Dr in San Pedro has been sold for a total price of $62,900,000. The buyer, SDG Housing Partners, acquired the property from Park Western Apartments. The transaction was facilitated by brokers Joe Leon and Bruce Furniss from Berkadia.
Summary of transation details
- Property Type: Residential Complex
- Transaction Amount: $62,900,000
According to Bruce Furniss, the buyer plans to invest $50,000 per unit.
Players
San Pedro Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93