Ned Casanova Purchases Multifamily Asset From Betsy Brakki For $2.45 Million In Los Angeles
SOLD
$2,450,000
California
See Similar DealsMultiFamily4,320 SF
Sold
SOLD
Ned Casanova Purchases Multifamily Asset From Betsy Brakki For $2.45 Million In Los Angeles
1246 South Saltair Avenue
See Similar DealsMultiFamily4,320 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$567
Total Square Footage:4320 SF
Transaction Type:Sale
The multifamily asset located at 1246 South Saltair Avenue in the Los Angeles market has been sold for $2,450,000. The property consists of 8 units and features a total square footage of 4,320. The price per unit stands at $306,250, and the price per square foot is $567.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Units: 8
- Square Footage: 4,320
- Price Per Unit: $306,250
- Price Per Square Foot: $567
- Buyer: Ned Casanova
- Seller: Betsy Brakki
- Broker Representatives: Jake Glaser & Spencer Chan - Lyon Stahl Investment Real Estate
The transaction involved Ned Casanova as the buyer and Betsy Brakki as the seller. The representatives for this deal were Jake Glaser and Spencer Chan, associated with Lyon Stahl Investment Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$130,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00
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