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Dai Do Acquires Anaheim Multifamily Property For $15.6M

1251 North Placentia Avenue
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This MultiFamily property located in CA was sold for $15,600,000 over 3 years ago. The broker of the deal was Daniel (Dan) Blackwell

The multifamily property located at 1251 N. Placentia Avenue in Anaheim was recently sold in a transaction facilitated by broker Dan Blackwell. The sale took place on June 30, 2021, with a sale price of $15,600,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $15,600,000
  • Address: 1251 N. Placentia Avenue
  • Market: Anaheim

The property consists of a total of 56 units, with an average price per unit of $279,000. The total square footage of the property is 39,514, resulting in a price per square foot of $395. The Gross Rent Multiplier (GRM) for the property is 14.47x, and the Capitalization Rate (CAP) is 4.0%.

The buyer of the property was Dai Do, while Kenny Ngo and Tracy Thong acted as the sellers. Dan Blackwell served as the broker representing the parties involved in the transaction.

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  • Location
    1251 North Western Avenue, Los Angeles, CA 900291251 North Western Avenue, Los Angeles, CA 90029
  • Sale Price
    $15,600,000$15,600,000
    $394 PPSF$394 PPSF
  • Area
    39,514 SF39,514 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Daniel (Dan) Blackwell

Daniel (Dan) Blackwell

Deals20
Sold$164.3M

Agency

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

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Deal Summary

SALE IMAGE: Dan Blackwell DATE: 06/30/2021 ADDRESS: 1251 N. Placentia Avenue MARKET: Anaheim ASSET TYPE: Multifamily BUYER: Dai Do SELLER: Kenny Ngo & Tracy Thong BROKER: Dan Blackwell (@MultifamilySocal) SALE PRICE: $15,600,000 UNITS: 56 ~ PPU: $279,000 SF: 39,514 ~ PPSF: $395 GRM: 14.47x CAP: 4.0%

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1251 North Placentia Avenue

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