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Morgan Harris Sells Multifamily Asset In Los Angeles For $4,236,000 With The Passman Group

Property Image
SOLD
$4,236,000

California

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MultiFamily7,269 SF
Sold 03/31/2026
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Property Image
SOLD

Morgan Harris Sells Multifamily Asset In Los Angeles For $4,236,000 With The Passman Group

745 & 751 North Hayworth Avenue, Los Angeles, Ca, 90046

See Similar Deals
MultiFamily7,269 SF
Sold 03/31/2026
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$582
Total Square Footage:7,269 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily building located at 745 & 751 North Hayworth Avenue in Los Angeles. The sale price of the property was $4,236,000, and it comprises a total of 9 units. The square footage of the buildings is 7,269, yielding a price per unit (PPU) of $470,666 and a price per square foot (PPSF) of $582.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,236,000
  • Units: 9
  • Square Footage: 7,269
  • Price Per Unit: $470,666
  • Price Per Square Foot: $582
  • Seller: Morgan Harris
  • Seller's Representative: David Passman, Ricky Mitchell & Darren Segal - The Passman Group
  • Date of Transaction: 03/31/2026

The deal involved key individuals, including the seller, Morgan Harris, and the representatives from The Passman Group, David Passman, Ricky Mitchell, and Darren Segal, who facilitated the transaction on behalf of the seller.

Players

David Passman
6 deals$22.1M volume
BROKER

Ricky Mitchell
The Passman Group
5 deals$18.4M volume
BROKER

Darren Segal
The Passman Group
2 deals$8.6M volume(310) 859-8100
BROKER

Details

SOLD
IMAGE: David Passman, Ricky Mitchell & Darren Segal DATE: 03/31/2026 ADDRESS: 745 & 751 North Hayworth Avenue MARKET: Los Angeles ASSET TYPE: Multifamily SELLER: Morgan Harris SELLER'S REP: David Passman , Ricky Mitchell (@Rickem) & Darren Segal - The Passman Group (@ThePassmanGroup) SALE PRICE: $4,236,000 UNITS: 9 ~ PPU: $470,666 SF: 7,269 ~ PPSF: $582

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$225,919.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,049.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,080.80
Annual Debt Service$240,969.61