Shu Baran Purchases Multifamily Property From Ikumi Baker For $3 Million In San Pedro
3605 Stephen M. White Drive
$3,000,000
$320/SF
Building Size
9,356 SF
Asset Type
MultiFamily
Closing
Jun 26, 2026
AI
The property involved in this transaction is a multifamily asset located at 3605 Stephen M. White Drive in the San Pedro market. The sale price for the property was $3,000,000 and it encompasses a total square footage of 9,356, translating to a price per square foot of $320.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 3605 Stephen M. White Drive
- Market: San Pedro
- Square Footage: 9,356
- Price per Square Foot: $320
- Buyer: Shu Baran
- Seller: Ikumi Baker
- Seller's Representative: Jignesh Patel & Juan Huizar - Sage Real Estate
The deal had notable parties including the buyer Shu Baran and seller Ikumi Baker. The transaction was facilitated by the representatives Jignesh Patel and Juan Huizar, who are associated with Sage Real Estate, representing the seller in this transaction.
Players
San Pedro MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93