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14914 Roscoe Boulevard, Pan...

James Capital Advisors Brokers Danny Spiwak, Michael Hanassab, Elliot Hassan & John Katnik Help Sell Panorama City Multifamily Property For $5M
SOLDMultiFamily

James Capital Advisors Brokers Danny Spiwak, Michael Hanassab, Elliot Hassan & John Katnik Help Sell Panorama City Multifamily Property For $5M

14914 Roscoe Boulevard, Panorama City, CA 91402

$5,000,000

$221/SF

Building Size

22,546 SF

Asset Type

MultiFamily

Closing

Jan 26, 2022

AI

Located at 14914 Roscoe Blvd. in Panorama City, this multifamily property has recently been sold. The transaction took place on January 26, 2022, and was facilitated by Danny Spiwak, Michael Hanassab, Elliot Hassan, and John Katnik of James Capital Advisors. The sale price for the property was $5,000,000. The property spans a total area of 22,546 square feet, resulting in a price per square foot of $221.77. Furthermore, the property is comprised of 24 units, with each unit valued at approximately $208,333.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Address: 14914 Roscoe Blvd.
  • Market: Panorama City
  • SF: 22,546
  • PPSF: $221.77
  • Units: 24
  • PPU: $208,333

Danny Spiwak, Michael Hanassab, Elliot Hassan, and John Katnik, from James Capital Advisors, played a crucial role as brokers in this transaction. Together, they worked to facilitate the sale of the multifamily property located at 14914 Roscoe Blvd. Their expertise and guidance in the real estate market contributed to the successful completion of the deal.

Players

John Katnik

BRC Advisors

Broker

$121.6M

vol

22 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93