Abe Hanif Acquires Multifamily Property From Fred Bark For $1,300,000 In Los Angeles
532 North Berendo Street
$1,300,000
$379/SF
Building Size
3,428 SF
Asset Type
MultiFamily
Closing
Jul 10, 2026
AI
This multifamily property is located at 532 North Berendo Street in Los Angeles. The sale price of the asset was $1,300,000, and it comprises 4 units. The total square footage of the property is 3,428, resulting in a price per unit of $325,000 and a price per square foot of $379.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 4
- Square Footage: 3,428
- Price per Unit: $325,000
- Price per Square Foot: $379
- Buyer: Abe Hanif
- Seller: Fred Bark
- Seller's Representative: Yigal Fatirian - Lyon Stahl Investment Real Estate
Abe Hanif was the buyer in this transaction while Fred Bark acted as the seller. Yigal Fatirian represented the seller through Lyon Stahl Investment Real Estate, facilitating the deal within the Los Angeles market.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93