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3605 Stephen M. White Drive

Shu Baran Purchases Multifamily Property From Ikumi Baker For $3 Million In San Pedro
SOLDMultiFamily

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

Jignesh Patel

Sage Real Estate

Broker

$11.4M

vol

5 deals

Broker

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