Updated Dec 21, 2023
Dai Do Acquires Anaheim Multifamily Property For $15.6M
1251 North Western Avenue, Los Angeles, CA 90029
$15,600,000
$394/SF
Building Size
39,514 SF
Asset Type
MultiFamily
Closing
Jun 30, 2020
About this deal
AI
The multifamily property located at 1251 N. Placentia Avenue in Anaheim was recently sold in a transaction facilitated by broker Dan Blackwell. The sale took place on June 30, 2021, with a sale price of $15,600,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,600,000
- Address: 1251 N. Placentia Avenue
- Market: Anaheim
The property consists of a total of 56 units, with an average price per unit of $279,000. The total square footage of the property is 39,514, resulting in a price per square foot of $395. The Gross Rent Multiplier (GRM) for the property is 14.47x, and the Capitalization Rate (CAP) is 4.0%.
The buyer of the property was Dai Do, while Kenny Ngo and Tracy Thong acted as the sellers. Dan Blackwell served as the broker representing the parties involved in the transaction.
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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93