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Ned Casanova Purchases Multifamily Asset From Betsy Brakki For $2.45 Million In Los Angeles

Property Image
SOLD
$2,450,000

California

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MultiFamily4,320 SF
Sold
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SOLD

Ned Casanova Purchases Multifamily Asset From Betsy Brakki For $2.45 Million In Los Angeles

1246 South Saltair Avenue

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MultiFamily4,320 SF
Sold
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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.

Players

Jake Glaser
65 deals$152.9M volume(347) 461-6043
BROKER

Spencer Chan
Lyon Stahl Investment Real Estate
14 deals$31.7M volume(310) 259-2181
BROKER

Details

SOLD
IMAGE: Jake Glaser & Spencer Chan DATE: 02/13/2026 ADDRESS: 1246 South Saltair Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Ned Casanova SELLER: Betsy Brakki BROKERS: Jake Glaser (@TheGlasergroup) & Spencer Chan (@SpencaChan) - Lyon Stahl Investment Real Estate (@LyonStahl) SALE PRICE: $2,450,000 UNITS: 8 ~ PPU: $306,250 SF: 4,320 ~ PPSF: $567 NOTE FROM BROKER: Read the full deal story @theglasergroup

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Deal Type
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