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14924 Roscoe Blvd. Panorama...

David Berneman's Multifamily Sale In Panorama City For $3.59M By Golden Bee Properties
SOLDMultiFamily

David Berneman's Multifamily Sale In Panorama City For $3.59M By Golden Bee Properties

14924 Roscoe Blvd. Panorama City, Ca 91402

$3,950,000

$294/SF

Building Size

13,422 SF

Asset Type

MultiFamily

Closing

Apr 5, 2024

AI

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:

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.

Players

David Berneman

Golden Bee Properties

Broker

$153.4M

vol

8 deals

Broker

Panorama City 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

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93