Nhan Nguyen Le Of Valiance Capital Acquires Berkeley Multifamily From Lucina E. Labos-Simpao For $10.4M
2124 Parker Street
$10,400,000
$333/SF
Building Size
31,193 SF
Asset Type
Student Housing
Closing
Apr 10, 2025
AI
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
Berkeley Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93