Ned Casanova Purchases Multifamily Asset From Betsy Brakki For $2.45 Million In Los Angeles
1246 South Saltair Avenue
$2,450,000
$567/SF
Building Size
4,320 SF
Asset Type
MultiFamily
Closing
Feb 13, 2026
AI
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.
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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93