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745 & 751 North Hayworth Av...

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

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

$4,236,000

$582/SF

Building Size

7,269 SF

Asset Type

MultiFamily

Closing

Mar 31, 2026

AI

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

The Passman Group

Broker

$22.1M

vol

6 deals

Broker

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

3.74%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93