Updated Oct 29, 2024
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
About this deal
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.
The co op sale at 1301 West Park Western Drive, San Pedro, CA 90732, USA in San Pedro, California sold for $62.9M in 2019. The building is 191,424 square feet, implying about 328 per square foot on the published price. Bruce Furniss, Joe Leon, Berkadia appear on the sale alongside Berkadia. This page is the San Pedro, California file for the 1301 West Park Western Drive, San Pedro, CA 90732, USA co op sold: pricing, party profiles, and other closed co op comps from the same San Pedro sit in the Market section below. Filter that San Pedro co op set by closing date to see what else sold near 1301 West Park Western Drive, San Pedro, CA 90732, USA around 2019. Published consideration for 1301 West Park Western Drive, San Pedro, CA 90732, USA is $62.9M, dated 2019. Cite this SDG Housing Partners Acquires San Pedro Residential Complex For $62.9M sale when underwriting similar co op product around San Pedro, California.
Players
San Pedro Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Deal FAQ
Visit Bruce Furniss to view all their deals.
Browse California co op sales on Traded.
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