The Barry Beitler Family Sells Mixed-Use Retail And Apartment In Encino For $31.25M

The property involved in the transaction is a mixed-use retail and apartment asset located at 16300 Ventura Boulevard in the Encino market. The sale price for this asset was $31,250,000. The total property square footage is 57,000, which includes a retail portion of 10,200 square feet and 49 apartment units.

Summary of transaction details:

• Property Type: Mixed-use Retail & Apartment
• Transaction Amount: $31,250,000
• Property Square Footage: 57,000
• Retail Portion Square Footage: 10,200
• Apartment Units: 49
• Seller: The Barry Beitler Family
• Brokers: Tanel Harunzade & Darrell Levonian - Kidder Mathews; David Saghian - Lyon Stahl Investment Real Estate
• Date of Transaction: 08/25/2025

The transaction involved key industry professionals, including Tanel Harunzade and Darrell Levonian from Kidder Mathews, alongside David Saghian from Lyon Stahl Investment Real Estate. Harunzade highlighted the strong competition for institutional-quality properties in Los Angeles, noting that large mixed-use assets like this are rare in the current market. Levonian emphasized the strong interest from investors targeting Encino and the broader San Fernando Valley, linking this demand to the property's location along Ventura Boulevard.