Vi Lee Acquires Multifamily Property In Anaheim From Mel Nicole For $2.35M With Broker Nick Hayner
SOLD
$2,354,888
California
See Similar DealsMultiFamily6,773 SF
Sold 09/16/2025
SOLD
Vi Lee Acquires Multifamily Property In Anaheim From Mel Nicole For $2.35M With Broker Nick Hayner
2650 Park Lane
See Similar DealsMultiFamily6,773 SF
Sold 09/16/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$347
Total Square Footage:6,773 SF
Transaction Type:Sale
The multifamily property located at 2650 Park Lane in Anaheim has been sold for $2,354,888. The asset spans 6,773 square feet, resulting in a price per square foot of $347.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,354,888
- Buyer: Vi Lee
- Seller: Mel Nicole
- Broker: Nick Hayner - Maywood Property Group
- Sale Date: 09/16/2025
- Note from Broker: Successfully helped a distressed seller avoid default with a quick sale. Negotiated a 7-year, interest-only seller carryback at a favorable rate to offset losses. Second time I’ve sold this property.
- Buyer's Broker: Andy Yan Kit Chan
This transaction highlights the involvement of Nick Hayner from Maywood Property Group, who played a crucial role in negotiating terms that benefited the seller amid a challenging situation. Andy Yan Kit Chan represented the buyer, emphasizing the collaborative effort behind closing this multifamily deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,594.03
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,366.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,163.37
Annual Debt Service$133,960.45
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