The Bascom Group LLC purchased the 89-unit San Pedro Bank Lofts at 407 W. 7th St. in San Pedro, CA from Winthrop Realty Trust for $23.8 million, or approximately $267,000 per unit. The four-story, 128,201-square-fooot multifamily property is located three blocks from the waterfront development in the San Pedro Arts District, on the corner of S. Mesa St. in the Central San Pedro submarket of Los Angeles County.