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Nhan Nguyen Le Of Valiance Capital Acquires Berkeley Multifamily From Lucina E. Labos-Simpao For $10.4M

Property Image
SOLD
$10,400,000
Nhan Nguyen Le
Steven Pinza

California

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Student Housing31,193 SF
Sold 04/10/2025
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Property Image
SOLD

Nhan Nguyen Le Of Valiance Capital Acquires Berkeley Multifamily From Lucina E. Labos-Simpao For $10.4M

2124 Parker Street

See Similar Deals
Student Housing31,193 SF
Sold 04/10/2025
Nhan Nguyen Le
Steven Pinza
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Student Housing
Price Per Square Foot:$333
Total Square Footage:31,193 SF
Transaction Type:Sale

The asset involved in this transaction is a MultiFamily property located at 2124 Parker Street in Berkeley. The sale price for this property was $10,400,000, with a total square footage of 31,193 and a price per square foot of $333.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $10,400,000
  • Address: 2124 Parker Street
  • Market: Berkeley
  • Square Footage: 31,193
  • Price Per Square Foot: $333
  • Buyer: Nhan Nguyen Le - Valiance Capital
  • Seller: Lucina E. Labos-Simpao
  • Broker: Pinza Group

Key individuals in this transaction include Nhan Nguyen Le representing Valiance Capital as the buyer and Lucina E. Labos-Simpao as the seller. The brokerage firm involved in facilitating the sale was Pinza Group.

Players

Steven Pinza
Pinza Group
Steven Pinza
1 deal$10.4M volume(510) 725-4775
BROKER
Steven Pinza
Pinza Group
Steven Pinza
1 deal$10.4M volume(510) 725-4775
BROKER
Nhan Nguyen Le
Nhan Nguyen Le
5 deals$52.2M volume
BUYER

Details

SOLD
IMAGE: Nhan Nguyen Le DATE: 04/24/2025 ADDRESS: 2124 Parker Street MARKET: Berkeley ASSET TYPE: MultiFamily BUYER: Nhan Nguyen Le - Valiance Capital SELLER: Lucina E. Labos-Simpao BROKER: Pinza Group SALE PRICE: $10,400,000 SF: 31,193 ~ PPSF: $333

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$554,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67