SOLDMultiFamily
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
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
Los Angeles 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93