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2650 Park Lane

Vi Lee Acquires Multifamily Property In Anaheim From Mel Nicole For $2.35M With Broker Nick Hayner
SOLDMultiFamily

Vi Lee Acquires Multifamily Property In Anaheim From Mel Nicole For $2.35M With Broker Nick Hayner

2650 Park Lane

$2,354,888

$347/SF

Building Size

6,773 SF

Asset Type

MultiFamily

Closing

Sep 16, 2025

AI

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.

Players

Nick Hayner

Maywood Property Group

Broker

$111.4M

vol

22 deals

Broker

Anaheim 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

6.74%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93