Eric Wu Acquires Bel Air SFR For $32.3M From Dang Bodiratnangkura
11490 Orum Road
$32,300,000
$1,713/SF
Building Size
18,850 SF
Asset Type
Single Family Residence
Closing
Apr 22, 2022
AI
A 1.55-acre single-family residence located at 11490 Orum Rd. in Bel Air was recently sold in a transaction. The property, spanning 18,850 square feet, was purchased by Eric Wu, the CEO of OpenDoor Networks, from seller Dang Bodiratnangkura.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $32,300,000
- Market: Bel Air
- Address: 11490 Orum Rd.
- Buyer: Eric Wu - CEO of OpenDoor Networks
- Seller: Dang Bodiratnangkura
- Square Footage: 18,850
- Price per Square Foot: $1,713
It is worth noting that Eric Wu, representing the buyer, played a significant role in the deal as the CEO of OpenDoor Networks.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93