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14949 Roscoe Boulevard

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

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

14949 Roscoe Boulevard

$10,000,000

$628/SF

Building Size

15,922 SF

Asset Type

MultiFamily

Closing

Sep 2, 2022

AI

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

Golden Bee Properties

Broker

$153.4M

vol

8 deals

Broker
Housing Authority of the City of Los Angeles (HACLA)
Housing Authority of the City of Los Angeles (HACLA)Buyer
Golden Bee Properties
Golden Bee PropertiesSeller

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93