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

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.