Updated Oct 29, 2024
MWest Holdings Acquires Multifamily Property In San Pedro For $20.8M
441 West 3rd Street, San Pedro, CA 90731, USA
$20,800,000
$373/SF
Building Size
55,726 SF
Asset Type
MultiFamily
Closing
Jun 20, 2019
About this deal
AI
The multifamily property located at 441 W. 3rd St in San Pedro was recently sold for a total price of $20,800,000. The property spans a total square footage of 55,726 and has a price per square foot of $373.25.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,800,000
- Market: San Pedro
- Address: 441 W. 3rd St
- Square Footage: 55,726
- Price per Square Foot: $373.25
The buyer of the property is MWest Holdings, represented by Mike Smith and Jim Fisher of Berkadia.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93