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

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.