Updated Oct 29, 2024
Related Companies Acquires Affordable Housing Portfolio In San Pedro For $590M
210 West 7th Street, San Pedro, CA, USA
$590,000,000
$2,299/SF
Building Size
256,550 SF
Asset Type
Other
Closing
Apr 25, 2018
About this deal
AI
An affordable housing portfolio located at 210 7th Street in San Pedro has been sold for a price of $590,000,000. The portfolio includes various buildings, namely Van Nuys Apartments in Downtown, South Bay Villas in Compton, Terry Manor in University Park, and Casa De Las Hermanitas in Boyle Heights.
Summary of transaction details
- Property Type: Affordable Housing Portfolio
- Transaction Amount: $590,000,000
- Seller: Aimco - Kevin Uebelein
- Buyer: Related Companies - Stephen M. Ross
Aimco, represented by Kevin Uebelein, sold the affordable housing portfolio to Related Companies, represented by Stephen M. Ross.
On the Map
$590,000,000
$2,299/SF
Other
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Players
Los Angeles Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93