David Berneman's Multifamily Sale In Panorama City For $3.59M By Golden Bee Properties
SOLD
$3,950,000
California
See Similar DealsMultiFamily13,422 SF
Sold 04/05/2024
SOLD
David Berneman's Multifamily Sale In Panorama City For $3.59M By Golden Bee Properties
14924 Roscoe Blvd. Panorama City, Ca 91402
See Similar DealsMultiFamily13,422 SF
Sold 04/05/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$294
Total Square Footage:13,422 SF
Transaction Type:Sale
The multifamily property located at 14924 Roscoe Boulevard in Panorama City was sold for a sale price of $3,590,000. The property consists of 17 units with a price per unit of $211,176. It spans 13,422 square feet, resulting in a price per square foot of $267.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,590,000
- Units: 17
- Price Per Unit: $211,176
- Square Footage: 13,422
- Price Per Square Foot: $267
- Address: 14924 Roscoe Boulevard, Panorama City
- Seller: David Berneman
- Seller's Rep: David Berneman, Jonathan Zadok & Martin Berneman - Golden Bee Properties
- Asking Price: $3,699,000
The seller's representative for this transaction was David Berneman, Jonathan Zadok, and Martin Berneman from Golden Bee Properties. The property was part of a portfolio acquired by the seller in 2019.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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