Zihao And Mandy Wang Acquire 13-Unit Multifamily Asset In Covina From University Of Stanford For $3.39M

The property asset involved in this transaction is a multifamily unit located at 254 West Dexter Street in Covina. The sale price was $3,390,000 for a total of 13 units, amounting to a price per unit of $260,769. The total square footage of the property is 13,000, resulting in a price per square foot of $260.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,390,000
• Units: 13
• PPU: $260,769
• SF: 13,000
• PPSF: $260
• Buyer: Zihao & Mandy Wang
• Seller: University of Stanford
• Buyer's Representative: Justino L. Fa’aola - Compass

Note that the deal was finalized as an all-cash transaction, completed within 18 days. The SGV+ Multifamily Group facilitated the closure of this 13-unit property in Covina.