Jean Pierre Yitzchak Sells Multifamily Asset In Encino For $6.15 Million With Brokers Michael Monempour And Jason Matatiaho

The multifamily property located at 17340 Burbank Boulevard in Encino was sold for a transaction price of $6,150,000. This asset consists of 27 units, covering a total square footage of 24,730, resulting in a price per unit of $227,778 and a price per square foot of $249. The gross rent multiplier (GRM) is noted at 10.32, while the capitalization rate (CAP) stands at 5.08%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,150,000
• Units: 27
• Square Footage: 24,730
• Price Per Unit: $227,778
• Price Per Square Foot: $249
• Gross Rent Multiplier: 10.32
• Capitalization Rate: 5.08%
• Seller: Jean Pierre Yitzchak
• Brokers: Michael Monempour, Jason Matatiaho - Lyon Stahl Investment Real Estate; Tony Azzi, Kristen Sullivan - Marcus & Millichap
• Advisor: Scott Visner

This transaction involved the collaboration of several key individuals. Michael Monempour and Jason Matatiaho represented the seller through Lyon Stahl Investment Real Estate, while Tony Azzi and Kristen Sullivan acted on behalf of the seller through Marcus & Millichap. The advisory role was fulfilled by Scott Visner, contributing to the facilitation of this deal.