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:
- 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.
Players
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