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Dr. Mustafa Bilal & Basimah Bilal Purchase Retail Property From Manijeh Tabatabai In Huntington Park For $2.9M

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SOLD
$1,900,000

California

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Retail8,781 SF
Sold 09/24/2025
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Property Image
SOLD

Dr. Mustafa Bilal & Basimah Bilal Purchase Retail Property From Manijeh Tabatabai In Huntington Park For $2.9M

2400 East Florence Avenue

See Similar Deals
Retail8,781 SF
Sold 09/24/2025
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$216
Total Square Footage:8,781 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 2400 East Florence Avenue in Huntington Park. The transaction concluded at a sale price of $2,900,000, encompassing an area of 8,781 square feet. The price per square foot was $330, and the cap rate at the time of sale was 3.9%.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $2,900,000
  • Square Footage: 8,781 SF
  • Price per Square Foot: $330
  • Buyer: Dr. Mustafa Bilal & Basimah Bilal
  • Seller: Manijeh Tabatabai - Jahangiri Family Trust
  • Brokers: Sam Kangavari & Fariba Kavian - NAI Capital Commercial, Inc.
  • Date of Transaction: 9/24/2025
  • Market: Huntington Park

This transaction included key representatives from NAI Capital Commercial, Inc., with Sam Kangavari and Fariba Kavian facilitating the sale. The property was sold to an owner-user intending to expand the existing dental office to a new 3,000 square foot office space.

Players

Fariba Kavian
2 deals$10.9M volume(310) 806-6114
BROKER

Sam Kangavari
NAI Global
6 deals$10.7M volume(310) 801-0631
BROKER

NAI Global
BROKERAGE

Details

SOLD
IMAGE: Sam Kangavari & Fariba Kavian DATE: 9/24/2025 ADDRESS: 2400 East Florence Avenue MARKET: Huntington Park ASSET TYPE: Retail BUYER: Dr. Mustafa Bilal & Basimah Bilal SELLER: Manijeh Tabatabai - Jahangiri Family Trust BROKERS: Sam Kangavari (@Sam.Kangavari) & Fariba Kavian (@centerinvestmentfariba) - NAI Capital Commercial, Inc. SALE PRICE: $2,900,000 SF: 8,781 ~ PPSF: $330 NOTE FROM BROKER: Property sold to an owner user to expand the current dental office to a 3,000 SF office. Sold at 3.9% cap rate.

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

$101,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63