facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

28125 Peacock Ridge Drive

Updated Oct 13, 2026

Julie Schoenbachler Of The Bascom Group LLC Acquires Highridge Apartments In Rancho Palos Verdes For $127M
SOLDMultiFamily

Julie Schoenbachler Of The Bascom Group LLC Acquires Highridge Apartments In Rancho Palos Verdes For $127M

28125 Peacock Ridge Drive

$127,000,000

Units

257

Asset Type

MultiFamily

Closing

Feb 28, 2025

About this deal

AI

The property asset involved in this transaction is a multifamily complex located at 28125 Peacock Ridge Drive in Rancho Palos Verdes. The sale price of the property was $127,000,000, which breaks down to approximately $494,163 per unit. The complex comprises a total of 257 units and is situated in a market characterized by limited multifamily supply and high demand.

Summary of transaction details:

Julie Schoenbachler represented The Bascom Group LLC in the acquisition of Highridge Apartments, while Blake Rogers and Kevin Sheehan represented JLL for the transaction. The financing for the deal was arranged by JLL, with AXA Investment Managers providing the loan. The Bascom Group plans to undertake Class A renovations to enhance the property within a strong demographic market.

On the Map

Open live map

$127,000,000

MultiFamily

View full map

Players

Blake Rogers

JLL

Broker

$2.3B

vol

24 deals

Broker

Julie Schoenbachler

The Bascom Group

Buyer

$127M

vol

1 deal

Buyer
AXA Investment Managers
AXA Investment ManagersLender
Bilt advertisement

Rancho Palos Verdes MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $494.2K per unit across 257 units on a published $127M (2025).

Visit Annie Rice to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets