facebook
Traded Co logo
Submit

HACLA Acquires Panorama City Multifamily For $10M From Golden Bee Properties

Property Image
SOLD
$10,000,000

California

See Similar Deals
MultiFamily15,922 SF
Sold 09/02/2022
the dealplayerscompscontact
Property Image
SOLD

HACLA Acquires Panorama City Multifamily For $10M From Golden Bee Properties

14949 Roscoe Boulevard

See Similar Deals
MultiFamily15,922 SF
Sold 09/02/2022
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$628
Total Square Footage:15,922 SF
Transaction Type:Sale

The multifamily property located at 14949 Roscoe Blvd in Panorama City was sold for $10,000,000. The asset comprises 31 units, totaling 15,922 square feet, which reflects a price per unit of $322,581 and a price per square foot of $628.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,000,000
  • Address: 14949 Roscoe Blvd
  • Market: Panorama City
  • Units: 31
  • Square Footage: 15,922
  • Price Per Unit: $322,581
  • Price Per Square Foot: $628
  • Buyer: Housing Authority of the City of Los Angeles (HACLA)
  • Seller: Golden Bee Properties

The transaction involved brokers David Berneman, Jonathan Zadok, and Marty Berneman, representing Golden Bee Properties. The project was sold to HACLA as part of Project Home Key.

Players

David Berneman
8 deals$153.4M volume
BROKER

Martin (Marty) Berneman
Golden Bee Properties
6 deals$101.6M volume
BROKER

Jonathan Zadok
Golden Bee Properties
7 deals$138.7M volume
BROKER

Housing Authority of the City of Los Angeles (HACLA)
BUYER

Details

SOLD
IMAGE: Marty Berneman, David Berneman & Jonathan Zadok DATE: 09/02/2022 ADDRESS: 14949 Roscoe Blvd MARKET: Panorama City ASSET TYPE: Multifamily BUYER: Housing Authority of the City of Los Angeles (HACLA) SELLER: Golden Bee Properties BROKERS: David Berneman (@Berneman), Jonathan Zadok (@JZadok25) & Marty Berneman (@MartyBern) – Golden Bee Properties (@GoldenBeeProperties) SALE PRICE: $10,000,000 UNITS: 31 ~ PPU: $322,581 SF: 15,922 ~ PPSF: $628 NOTE FROM @GoldenBeeProperties: Project was sold to HACLA as part of Project Home Key

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22