Henry Manoucheri & Noah Kaufman Of Universe Holdings Acquire Encino Multifamily Asset For $28M

The property asset involved in this transaction is a multifamily unit located at 4940 Paso Robles Avenue in Encino. The sale was completed for a total transaction amount of $28,000,000. This multifamily asset comprises 52 units with a total square footage of 76,248. The per unit price is $538,461 and the price per square foot is $367.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $28,000,000
• Units: 52
• Square Footage: 76,248
• Price Per Unit: $538,461
• Price Per Square Foot: $367
• Buyer: Henry Manoucheri & Noah Kaufman - Universe Holdings
• Seller: Institutional Property Advisors (IPA)
• Brokers: Kevin Green & Joseph Grabiec - Marcus & Millichap
• Date of Transaction: 04/29/2026

The key individuals involved in this transaction include the buyers Henry Manoucheri and Noah Kaufman representing Universe Holdings, and the seller represented by Institutional Property Advisors (IPA). The transaction was facilitated by brokers Kevin Green and Joseph Grabiec from Marcus & Millichap, who played a vital role in navigating the sale process.