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11490 Orum Road

Eric Wu Acquires Bel Air SFR For $32.3M From Dang Bodiratnangkura
SOLDSingle Family Residence

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