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14239 Roscoe Boulevard, Pan...

Updated Dec 20, 2023

Avi Shlangar Acquires 6-Unit Multifamily Property In Panorama City For $1.5M
SOLDMultiFamily

Avi Shlangar Acquires 6-Unit Multifamily Property In Panorama City For $1.5M

14239 Roscoe Boulevard, Panorama City, CA 91402, USA

$1,500,000

$260/SF

Building Size

5,770 SF

Asset Type

MultiFamily

Closing

Dec 5, 2019

About this deal

AI

An off-market multifamily property in Panorama City was recently sold for a record-setting price of $1,500,000. The property, located at 14239 Roscoe Blvd, encompasses a total of 5,770 square feet. With a price per square foot of $259.97, this sale stands out as an exceptional opportunity. The property consists of 6 units, resulting in a price per unit of $250,000. The capitalization rate for this transaction is 4.28%, and the gross rent multiplier is 13.33.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Address: 14239 Roscoe Blvd
  • Market: Panorama City
  • Square Footage: 5,770
  • Price per Square Foot: $259.97
  • Units: 6
  • Price per Unit: $250,000
  • Capitalization Rate: 4.28%
  • Gross Rent Multiplier: 13.33

The buyer in this transaction was Avi Shlangar, while Ron J Tanzman served as the seller. The deal was facilitated by brokers Andy Iser, Sevak Keshishian, and Shara Parseghian. One notable aspect of this sale is the delivery of the property with one vacant two-bedroom unit.

On the Map

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$1,500,000

$260/SF

MultiFamily

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Players

Sevak Keshishian

Marcus & Millichap

Broker

$77.8M

vol

16 deals

Broker
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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $260 per square foot on a published $1.5M for 5,770 square feet (2019).

Visit Shara Parseghian to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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