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
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