Morad Harouni Acquires Multifamily Property At 5952 & 5960 Fishburn Ave For $2.81M
SOLD
$2,807,500
California
See Similar DealsMultiFamily8,008 SF
Sold 05/16/2025
SOLD
Morad Harouni Acquires Multifamily Property At 5952 & 5960 Fishburn Ave For $2.81M
5952 Fishburn Avenue
See Similar DealsMultiFamily8,008 SF
Sold 05/16/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$350
Total Square Footage:8,008 SF
Transaction Type:Sale
This multifamily asset consists of two properties located at 5952 & 5960 Fishburn Ave in Huntington Park. The transaction was completed for a total price of $2,807,500. The assets encompass 18 units, with a price per unit of $155,972. The total square footage is 8,008 with a price per square foot of $350.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,807,500
- Units: 18
- Price Per Unit: $155,972
- Square Footage: 8,008
- Price Per Square Foot: $350
- Buyer: Morad Harouni
- Seller: Pedro & Sonia Fernandez
- Broker: Jake Glaser - Lyon Stahl Investment Real Estate
The buyer of this multifamily asset is Morad Harouni, while the transaction involved sellers Pedro and Sonia Fernandez. The broker representing the sale was Jake Glaser from Lyon Stahl Investment Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,974.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,308.98
Annual Debt Service$159,707.79
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