Holland Partners Buys MultiFamily In San Pedro For $24.5M

The multifamily property at 160 W 6th St, Los Angeles, CA, 90731 in San Pedro was sold for $24,500,000.00. The 2.45-acre site includes two recently vacated office buildings and was entitled for 404 units plus 5,200 SF of retail at the time of the sale. The Nadel-designed project offers unobstructed views of the San Pedro Harbor for most units and features open courtyards with water elements, a swimming pool, and a recreation deck.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $24,500,000.00
• Address: 160 W 6th St, Los Angeles, CA, 90731
• Market: San Pedro
• Buyer: Holland Partners
• Seller: Omninet San Pedro

Lynwood Fields from Madison Partners represented both the buyer, Holland Partners, and the seller, Omninet San Pedro, in the off-market deal. Madison Partners brokered the sale that involved a 2.45-acre site with entitlements for residential units and retail space. The unique features of the property, such as the San Pedro Harbor views and recreational amenities, played a crucial role in the successful transaction.