HACLA Acquires Panorama City Multifamily For $10M From Golden Bee Properties
SOLD
California
See Similar DealsMultiFamily15,922 SF
Sold 09/02/2022
SOLD
HACLA Acquires Panorama City Multifamily For $10M From Golden Bee Properties
14949 Roscoe Boulevard
See Similar DealsMultiFamily15,922 SF
Sold 09/02/2022
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
SELLER
Details
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30 years
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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
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